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You may think the U.S. fell short on telecom competition, but in Mexico a single company has long dominated the communications landscape: América Móvil. It services 70 percent of all mobile connections and 80 percent of all landline phone links in the country. But billionaire Carlos Slim, the carrier’s controlling owner, is bowing to regulator pressure and is divesting substantial portions of Slim’s empire, according to Bloomberg. The sales and spin offs will reduce América Móvil’s market share in mobile and wireline to below 50 percent, as well as remove it from the communications tower and satellite TV businesses. It doesn’t look as if América Móvil’s substantial operations in Latin America or the U.S. (where it owns prepaid giant TracFone) will be affected.

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3 Comments

  1. Breakup of the Bell System
    http://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
    Effective January 1, 1984, the Bell System’s many member-companies were variously merged into seven independent “Regional Holding Companies”, also known as Regional Bell Operating Companies (RBOCs), or “Baby Bells”.
    Had surge of competition then consolidation again but with some new players

  2. Carlos should talk to AT&T about how to constantly break up then re-monopolize. Skillz.

  3. Kind of ironic asking a guy who isn’t slim who’s name is Slim to slim down… and he still won’t be slim.

    Is it me or are there just too many puns here?