Skip to comments.Mexican Senate commissions approve telecoms reform bill
Posted on 04/22/2013 10:44:43 AM PDT by JerseyanExile
Four Senate commissions on Thursday approved a major overhaul of Mexico's telecommunications sector that aims to loosen tycoon Carlos Slim's hold on the phone market and end broadcaster Televisa's dominance of the airwaves.
The bill aims to stir up competition in the industry by allowing more foreign investment, and by giving regulators the power to force dominant players in the market to sell assets. The full Senate is due to vote on the bill Friday.
The reform defines dominant players as those controlling more than half of their respective markets. If declared dominant, companies will not automatically be forced to sell assets if regulators believe they are not impeding competition.
Slim's phone company America Movil controls some 80 percent of the fixed line business and around 70 percent of the mobile market. Televisa has more than 60 percent of the TV market.
(Excerpt) Read more at reuters.com ...
Oh puuuuleeeze, Reuters,
Are you really insinuating that the Mexican government is honest?
The next thing, you’ll be telling me that the Obamadork is mentally competent.
This will be interesting to watch. Carlos Slim is the Mexican version of John D. Rockefeller — a monopolist whose wealth equals a huge chunk of his country’s economy and who controls important sectors of the country’s economy. Until now, no one has really wanted to take him on. Well see if they are serious or whether this will die out. My bet is that it comes to nothing.
Slim is no Rockefeller. You’re getting your stories wrong.