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Reuters: Mexico giving competitors access to Telmex

Jun. 30, 2015 3:22 PM ETAmérica Móvil, S.A.B. de C.V. (AMX) StockT, AMXBy: Jason Aycock, SA News Editor3 Comments
  • Mexico will act to allow "last mile" access to the América Móvil-owned Telmex network to competitors, Reuters reports, in yet another move by the country to spur competition.
  • Telmex -- part of Carlos Slim's telecom empire -- has a huge fixed-line infrastructure connecting to Mexico's end users. Details of the arrangement are unknown but will shake up consumer access, as América Móvil (NYSE:AMX) operates about 70% of the country's telephone lines, fixed and wireless.
  • The country has been acting to decentralize the sector with tough new regulations, spurring moves like AMX's plan to spin off its towers into a separately traded company, Telesites; and influencing heavy investment by AT&T (NYSE:T) in the country.
  • Previously: Bloomberg: AT&T working to rent towers from América Móvil spinoff (Jun. 12 2015)

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