IFT approves Telmex separation, America Movil to appeal

Telecom Industry NewsComments are off for this post.

You Are Here:IFT approves Telmex separation, America Movil to appeal

(Telecompaper) Mexico’s telecom regulator IFT has approved a plan to separate America Movil’s fixed-line Telmex and Telnor units as part of antitrust measures against the company. Creating a separate wholesale unit will allow Telmex to re-invest proceeds from line rentals in infrastructure upgrades, said the IFT. The company now has two years to carry out the functional separation of its retail and wholesale fixed-line businesses and will have to present an asset and debt transfer plan during that time, added the regulator in a statement.
Source: Industry News (syndicated from Telecompaper.com)

Top