Mexico Telecoms Regulator to Vote on Letting Slim’s America Movil Charge Rivals

10/24/2017 The New York Times

Mexico’s telecommunications regulator is discussing a proposal that would allow billionaire Carlos Slim’s America Movil to start charging local rivals again for calls made to clients on its network, according to a document seen by Reuters.

Rivals such as AT&T and Telefonica have been anxiously awaiting new rates since the Supreme Court ruled in August that America Movil should not be barred by law from charging other carriers for calls to its customers.

The court found the market regulator, the Federal Institute of Telecommunications (IFT), not legislators, should set the so-called interconnection rates.

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As Mexico lauds telecom reform, rural poor search for connection

10/27/16 Reuters

Toddler Priscila Rubi Sanchez lived in a remote Mexican hamlet with no fixed line or cell phone network, so when a mouthful of corn partially blocked her throat late one night and her parents could not call for help, she died.

Life is tough in Santa Cruz Itundujia in the mountains of Oaxaca state and it is made even harder here and in other isolated towns throughout Mexico’s rugged interior by a lack of connectivity that complicates everything from education to getting help in medical emergencies.

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This Country Just Launched an Antitrust Probe Into Its Public Phone Market

10/18/16 Fortune

carlos slim
Carlos Slim

One of the companies at the center of the investigation used to be a state monopoly.

Mexico’s telecoms regulator has opened an anti-trust probe into the domestic market for public telephones, the government said in its official gazette on Tuesday.

The investigation will look at possible anti-competitive behavior in the “market for production, distribution, and commercialization of public telephone service for sale to final users via telephonic apparatuses for public use,” it said.

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Mexico’s America Movil eyes acquisition of Brazilian rival Oi: Valor

09/21/16 Reuters

America Movil SAB (AMXL.MX) is interested in acquiring some or all of the operations run by struggling Brazilian rival Oi SA (OIBR3.SA), the chief executive of the Mexican telecom giant said in a newspaper interview published on Wednesday.

Brazilian paper Valor Economico reported that Daniel Hajj, CEO of Mexican billionaire Carlos Slim’s telecom empire, said he was eyeing an acquisition of Oi operations whether or not the company is split up in the midst of an in-court restructuring.

“We are open to looking at anything,” Hajj said in the Valor report. “I am very interested in participating in the (market)consolidation in Brazil, but I don’t know how it will happen.”

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Mexico’s America Movil says proposes delisting from Nasdaq, Latibex

09/13/16 Reuters

TelmexMexican telecoms giant America Movil (AMXL.MX) said on Tuesday its board will propose to shareholders that it delist its shares from the Nasdaq and Latibex stock exchanges, without giving any further information.

In a regulatory statement, America Movil also said it would offer shareholders the choice to receive the second part of their ordinary dividend in cash or in shares.

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Mexico’s Telmex to offer Sixgill cybersecurity platform

09/07/2016 Telecom Paper

emprenderIsraeli cyber intelligence provider Sixgill has signed a strategic partnership agreement with Mexican information security company Scitum (Telmex). As part of the deal, Scitum will offer Sixgill’s portfolio as an “on-premise” solution, as well as under a SaaS model. It will be added to Scitum’s portfolio of services related to security and managed services that include the design, implementation and management of infrastructures of security of information and consulting.

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Mexico’s Richest Man Confronts a New Foe: The State That Helped Make Him Rich

08/09/16 The New York Times

2564224814_f800dcc9d8_oMEXICO CITY — All is not well in the kingdom of Carlos Slim.

For more than 25 years, he has dictated the terms of Mexico’s telecommunications industry and built an empire, making him one of the world’s richest men.

Mr. Slim and his family are billionaires 50 times over. He has stood at the very top of the Forbes World’s Billionaires list — more than once. His flush years in Mexico enabled him to span the Americas with companies that touch nearly every facet of modern life: telecom, banking, construction, retail and media, among others.