MEXICO CITY, June 25 Carlos Slim's America Movil
said on Wednesday it had created a committee to
evaluate options in response to an overhaul of Mexico's
telecommunications sector which aims to curb its dominance.
The committee will study "structural, commercial,
technological and other options ... as well as the opportunities
offered by the new Mexican regulatory framework," the company
said in a statement.
America Movil said the new committee will report findings
and recommendations to the board and possibly to shareholders.
A spokeswoman for America Movil did not immediately specify
who would be on the committee or when it would report.
The constitutional reform, which was approved last year, is
aimed at curbing the power of America Movil, which controls
around 80 percent of Mexico's fixed-line business and about 70
percent of the mobile sector.
So-called secondary laws hashing out the fine print of the
reform were due to be approved by December 2013, but political
bickering and a heavy legislative agenda have delayed passage.
A newly created regulator, the Federal Communications
Institute (IFT), in March declared America Movil as dominant and
imposed tougher regulations against it.
A Mexican court is studying an injunction request filed by
America Movil to fight the IFT's ruling.
Earlier this year, a judge ordered Slim's fixed-line
business, Telmex, to halt a planned spin-off of assets, a
practice some rivals and analysts said could have been a means
of placing key network infrastructure beyond reach of
Telmex said at the time it was not undertaking action to
(Reporting by Christine Murray; editing by Matthew Lewis)