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Friday, June 3, 2011

Mexico's Largest Phone Carrier to Face New Competition Rules

From Bloomberg.com

America Movil SAB, controlled by billionaire Carlos Slim, will face new rules as soon as this month that could force it to cut prices as Mexico’s dominant phone carrier.

The Federal Telecommunications Commission plans to apply restrictions to America Movil’s fixed-line unit around June 15. Next will be regulations for its mobile-phone unit, which could affect consumer prices.

To see what consequences this could have for the market, click here.

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