Mexican government asks Supreme Court to hear Slim TV case
MEXICO CITY (Reuters) - Mexico's communications ministry has asked the Supreme Court to review a legal case that could decide whether or not billionaire tycoon Carlos Slim can enter the lucrative television market, according to a document from the court.
Mexico has barred Slim, the world's richest man, from TV until his giant home phone business, Mexico's leading fixed-line phone service provider Telmex TELMEXL.MXTMX.N, gives fair access to rivals.
The court, though, could let Slim proceed if it decides officials forfeited the right to stop him when it mishandled the original, four-year-old Telmex paperwork for a television license.
A document showed the court had received the petition to hear the case but gave no indication of when it could take up the matter.
Telmex was absorbed into mobile phone giant America Movil (AMXL.MX) as Slim consolidated his holdings. America Movil is the largest mobile phone company in Latin America.
Representatives from Telmex were not immediately available for comment.
(Reporting by Tomas Sarmiento; Editing by Paul Tait)
- Female Yahoo executive sued for sexual harassment
- Gaza toll passes 100; Israel to counter rockets 'with all power' |
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- German suspect was in contact with State Dept not U.S. spies: officials
- U.S. Navy maintains grounding order for F-35 fighter jets