Mexico top court sides with regulator over America Movil ‘preponderant’ label
By Cassandra Garrison
MEXICO CITY (Reuters) – Mexico’s Supreme Court on Wednesday dominated in favor of the nation’s telecoms regulator over a label that objectives to curb the dominance of Carlos Slim’s telecommunications agency America Movil.
The ruling gives a blow to one among many nation’s largest corporations in its ongoing fight to peel once more restrictions.
Mexico’s Federal Institute of Telecommunications (IFT) acted all through the construction when it determined that the America Movil Economic Interest Group, made up of Telcel and totally different subsidiaries, is a “preponderant agent”, the court talked about in an announcement.
That label, given in 2014, opened the door for stricter legal guidelines beneath a reform of the nation’s telecommunications commerce, geared towards breaking up the dominance of Slim’s telecoms empire.
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