America Movil (AMX) has created a strategic committee to assess its options following Mexico’s telecoms reforms.
The country’s new telecoms regulator, the IFT, declared AMX a “preponderant economic agent” in March and will impose asymmetric…
America Movil (AMX) has created a strategic committee to assess its options following Mexico’s telecoms reforms.
The country’s new telecoms regulator, the IFT, declared AMX a “preponderant economic agent” in March and will impose asymmetric regulations on the incumbent to lower its market share.
America Movil’s new strategic committee will analyse the structural, commercial, technological and other options available to AMX. It will also look at the opportunities offered by the new regulatory framework, which will allow AMX to move into pay-TV at some point in the future.
AMX is awaiting the debate and approval of the “secondary” legislation, which will determine the finer points of the reforms but has been held up in the Mexican congress.
AMX controls around 80% of Mexico’s fixed-line business and about 70% of the mobile sector.
AMX’s share price have recovered somewhat since it has started its fight back against the new regulations. However, its stock is still trading more than 12% below what it was at the start of the year.
