Mexico’s Supreme Court rules in spat related to telecom reform

6/21/2017 Reuters

The America Movil logo is seen at the reception area in the company's offices in Mexico City
The America Movil logo is seen on the wall of the reception area in the company’s corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero

Mexico’s Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil (AMXL.MX) and rivals that touches on a bigger case related to an antitrust reform the company is fighting.

Long-dominant America Movil, controlled by billionaire Carlos Slim, is challenging several aspects of a 2013-14 telecommunications reform that opened the door to more competition in the industry.

On Wednesday, the court ruled partly in favor of a unit of America Movil against Pegaso PCS and Grupo de Telecomunicaciones Mexicanas, both of which are units of Telefonica (TEF.MC), in a case involving rates charged to interconnect calls between their networks in 2015.

After the industry reform went into effect in late 2014, it was too late to resolve disagreements over an interconnection rate for the following year, so the rate from 2014 was adopted by regulators.

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