America Movil ordered to separate Telmex unit

Mexico’s Federal Telecommunications Institute, IFT, has ordered America Movil to separate out a large part of its fixed-line infrastructure. Notably, America Movil has both wireline (Telmex) and wireless (Telcel) operations. As per the IFT’s reformed norms introduced with the telecoms reform in 2014, the maximum hold of a company in the market has been restricted to 50 percent. Both Telmex and Telcel control nearly 70 percent of the Mexican market Source: Nasdaq Brazil falls deeper into its worst ever depression Brazil’s economy has fallen further into its worst ever recession, contracting by 3.6 percent in 2016 and pressure is mounting on policymakers to stimulate growth. Brazil recorded a decline of 0.9 percent gross domestic product (GDP) in the final quarter […]

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