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Mexican Government to Outline Plans for a Telecoms Reforms

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Mexico's new government is set to make another attempt to shake up the local telecoms market in an effort to promote increased competition in a market which is dominated by America Movil.

America Movil, which is controlled by the world's richest man, Carlos Slim has a market share of around 70% of the mobile phone subscribers, and close to 80% of the fixed lines.

Previous attempts to break the near monopoly have failed after hitting political and  legal barriers.

Citing a person familiar with the matter, Dow Jones Newswire said that following a wide ranging education reform last year, telecoms would be the next target.

Finance Minister Luis Videgaray told local news media that forthcoming proposals would seek to increase competition and lower costs to consumers, and include all areas of telecommunications from "mobile phones to media,"

He also confirmed that a special court will be set up to fast-track appeals against regulatory changes which have previously been delayed for years due to the slow moving legal system in the country.

The reforms are supported in principle by all three major parties, which should help overcome the political difficulties that dogged the previous government's attempts at reform.

On the web: Dow Jones Newswire

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Tags: america movil  Mexico