Ron Burgundy Posted March 7, 2014 Share Posted March 7, 2014 By Alexandra Alper and Tomas Sarmiento MEXICO CITY (Reuters) - Mexico's telecoms regulator on Friday declared two of billionaire Carlos Slim's major financial and industrial companies "dominant" in telecommunications, but has yet to slap the tag on Slim's flagship telecom company. It is widely expected that Slim's telecom company America Movil will be declared dominant, or having an outsized share in its market, although a spokesman said the company has not yet been notified. Mexico is trying to spur competition in its tight-knit phone and TV industries through a wide-ranging telecoms overhaul passed last year. The newly empowered Federal Telecommunications Institute (IFT) deemed Slim's bank Inbursa and conglomerate Grupo Carso, which both have direct or indirect stakes in America Movil, dominant in telecoms given their "economic interests," the companies said on Friday. View the full article Quote Link to comment Share on other sites More sharing options...
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