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IFT approves Telmex separation, America Movil to appeal

2018-03-06 11:03:00| Telecompaper Headlines

(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 separation and will have to present an asset and debt transfer plan during that time, added the regulator in a statement.

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Category:Telecommunications

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