Mexican billionaire Carlos Slim's phone giant America Movil said on Monday that it welcomes a telecoms reform proposal by Mexico's government that includes a measure to lift foreign investment limits in the telecommunications industry.
The government presented on Monday a bill that aims to loosen Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves.
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"We welcome, as we have said several times, an increase to 100 percent participation of foreign investment in telecommunications," America Movil said in a statement.
(Reporting by Michael O'Boyle)