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Mexico telecoms reform could take years to unseat Slim

By Christine Murray MEXICO CITY (Reuters) - Tycoon Carlos Slim, under fire from regulators in his home country, has spent the last two years sniffing out deals in Europe to offset an impending regulatory shake-up of Mexican telecoms. But though the reforms are the furthest-reaching measures passed against Slim since he became the dominant force in Mexico's telecoms market more than two decades ago, they are likely to take years to erode his hold on the business.

Mexico takes steps to weaken Slim's hold on telecoms

By Elinor Comlay MEXICO CITY (Reuters) - Mexico's telecoms regulator has taken the first steps to weaken Carlos Slim's hold on the phone market, setting out plans to make the billionaire' s fixed-line provider share part of its network. Slim's company America Movil <AMXL.MX> has around 80 percent of the Mexican fixed-line market through its Telmex unit, and the Federal Telecommunications Institute (IFT) said the process of opening up the top provider's network had begun.

Mexico watchdog weighs if America Movil, Televisa dominate sector

MEXICO CITY (Reuters) - Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country's telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant players in the sector. The notifications are the first step in a process mandated by a telecoms reform passed by Mexico's Congress earlier this year that gives the new Federal Telecommunications Institute (IFT) powers to clamp down on dominant players and spur competition.

Colombia fines 2 Slim-owned companies $612,000 each

Bogota, Nov 14 (EFE).- Colombian authorities fined the companies Telmex Colombia and Telmex Telecomunicaciones, part of Mexican magnate Carlos Slim's business empire, for failure to respond to users' concerns. The industry and commerce regulator fined each company 1.18 billion pesos ($612,000), the maximum allowed under laws governing Colombia's telecommunications sector.

Mexico telecom law should cut Slim market share below 50 percent: lawmaker

By Dave Graham MEXICO CITY (Reuters) - Mexico's new telecoms reform should be able to reduce tycoon Carlos Slim's share of the local mobile phone market to less than 50 percent in the next five years, an influential opposition lawmaker said on Wednesday. Slim, who controls around 80 percent of Mexico's fixed line business and about 70 percent of the mobile sector, could be forced to divest assets according to a constitutional reform passed earlier this year.

Mexico hits Carlos Slim's phone firm with lawsuit

Mexico's consumer protection agency has filed a class-action lawsuit against the Telmex phone company of billionaire tycoon Carlos Slim for charging its customers for services that should be free. The Federal Prosecutor's Office for the Consumer (Profeco) said in a statement that Telmex, which dominates the country's fixed-line market, was unduly charging people for a privacy service, a phone directory and information on incoming and outgoing calls.

Mexican consumer protection agency files suit against Telmex

MEXICO CITY (Reuters) - The Mexican government's consumer protection agency said on Sunday it had opened a class action lawsuit against Carlos Slim's fixed line phone company Telmex for making illegal charges. Rafael Ochoa, a legal expert at the federal prosecutor's office for the consumer (Profeco), said Telmex had made unwarranted charges for a privacy service and that Profeco had filed the suit with a federal civil court in Mexico City.

Mexico's America Movil opens door for talks on LatAm Olympics rights

Mexico City, Mar 24 (EFE).- America Movil is willing to negotiate with any company wishing to obtain rights to carry the 2014 and 2016 Olympic Games in Latin America, an executive said. The company, which is controlled by billionaire Carlos Slim, won exclusive broadcast rights from the International Olympic Committee, or IOC.

Mexico's lower house OKs telecommunications overhaul bill

Mexico City, Mar 23 (EFE).- Mexico's lower house of Congress has passed an ambitious telecommunications overhaul bill aimed at boosting competition, breaking up dominant players and opening the door to greater foreign investment. The legislation would create a new autonomous body, the Federal Telecommunications Institute, or Ifetel, to regulate the use of spectrum and oversee broadcasting and telecommunications networks and the services delivered on them. Ifetel also would be charged with granting and revoking broadcast and telecommunications concessions.

Carlos Slim's Telmex hit with $52 mln antitrust fine

Mexico's competition regulator slapped a $52 million fine Thursday on billionaire tycoon Carlos Slim's Telmex telecommunications company for monopolistic practices. The Federal Competition Commission said Telmex refused to give rival firm Axtel access to landlines in 32 towns from August 2009 to June 2011, blocking Axtel from providing local and long-distance services. "For this reason, the CFC found that the refusal constitutes a monopolistic practice," the agency said in a statement.
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