Mexico top court sides with regulator over America Movil preponderant label yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(This March. 3 story refiles to fix name to ‘Paxman’ in last paragraph)
FILE PHOTO: The logo of America Movill is seen on a wall at the company s corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso
MEXICO CITY (Reuters) - Mexico’s Supreme Court on Wednesday ruled in favor of the country’s telecoms regulator over a label that aims to curb the dominance of Carlos Slim’s telecommunications company America Movil.
The ruling deals a blow to one of the country’s largest companies in its ongoing fight to peel back restrictions.
Mexico’s Federal Institute of Telecommunications (IFT) acted within the constitution when it determined that the America Movil Economic Interest Group, made up of Telcel and other subsidiaries, is a “preponderant agent”, the court said in a statement.
By Syndicated Content
By Cassandra Garrison
MEXICO CITY (Reuters) - Mexico s Supreme Court on Wednesday ruled in favor of the country s telecoms regulator over a label that aims to curb the dominance of Carlos Slim s telecommunications company America Movil.
The ruling deals a blow to one of the country s largest companies in its ongoing fight to peel back restrictions.
Mexico s Federal Institute of Telecommunications (IFT) acted within the constitution when it determined in 2013 that the America Movil Economic Interest Group, made up of Telcel and other subsidiaries, is a preponderant agent in 2013, the court said in a statement.
That label opened the door for stricter regulations under a reform of the country s telecommunications industry, aimed at breaking up the dominance of Slim s telecoms empire.
By Cassandra Garrison MEXICO CITY (Reuters) - Mexico's Supreme Court on Wednesday ruled in favor of the country's telecoms regulator over a label that.
Mexico top court sides with regulator over America Movil preponderant label netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.