Mexico's telecom watchdog approves America Movil prices

29 Nov, 2015

MEXICO CITY: Mexico's telecom regulator said it signed off on the prices dominant phone company America Movil can charge rivals and virtual operators to connect to its network, according to a statement from the regulator on Saturday.

Billionaire businessman Carlos Slim's America Movil , which controls about 70 percent of Mexico's mobile phone lines, was declared dominant by the regulator last year.

As a result of that ruling, America Movil has to seek regulator approval for the prices it charges other operators for using its infrastructure.

Copyright Reuters, 2015

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