Mexico's America Movil has 65 days to propose separation plan: IFT

Features Reuters

The America Movil logo is seen on the wall of the reception area in the company's corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero (Copyright Reuters 2017)

Mexico's telecoms regulator said on Thursday that billionaire Carlos Slim's America Movil has 65 working days to present a proposal for the legal separation of a part of its fixed-line unit Telmex.

Continue Reading Below

The Federal Telecommunications Institute (IFT) has stepped up antitrust rules against the company, ordering it to create an independent entity from fixed-line unit Telmex to offer competitors access to infrastructure.

(Reporting by Christine Murray)