real-time news and commentary for investors
Monday, Mar 11
The Mexican government has Carlos Slim's American Movil (AMX -1.9%) and top TV broadcaster Grupo...
The Mexican government has Carlos Slim's American Movil (AMX -1.9%) and top TV broadcaster Grupo Televisa (TV -0.6%) in its sights: a bill presented today would "would create an independent regulator that could designate companies as dominant, impose stiffer penalties on them and even break them up," according to a draft seen by Reuters. The bill, which could have trouble making it through a divided Congress, also mandates rivals be provided with cheaper access to Slim's networks (previous). Mobile carrier NII Holdings (NIHD +3.3%) is rallying.