Wednesday, 5 July 2017

Mexico's America Movil details argument in telecom dispute

Billionaire Carlos Slim's America Movil argued on Wednesday against rules brought in by an overhaul of the country's telecommunications industry, saying in a statement they were unfair and had led to a loss of its business rights.

In the latest chapter in a fight that could shape the future of competition in the sector, the supreme court is considering whether to undo parts of an overhaul that tilted the playing field against Slim's long-dominant America Movil and led to steep drops in prices that Mexicans pay for cell phone service and internet access.

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