Shares in Slim's America Movil fall over 3 pct after Mexico presents telco laws

MEXICO CITY, March 25 Tue Mar 25, 2014 10:00am EDT

MEXICO CITY, March 25 (Reuters) - Shares in America Movil, the Latin American phone company controlled by Mexican businessman Carlos Slim, fell more than 3 percent on Tuesday, the day after the government presented the so-called secondary laws of a telecoms reform aimed at curbing Slim's power.

America Movil shares fell to as low as 13.17 pesos in early trading.

Mexico's government on Monday proposed giving a new regulator wide-reaching powers to police the operations of dominant telecommunications companies and TV broadcasters, right down to their prices and discounts.

($1 = 13.1933 Mexican Pesos) (Reporting by Gabriel Stargardter)