UPDATE 1-Mexico bill to curb Slim's empire due this week -lawmaker

miércoles 19 de marzo de 2014 20:34 GYT

(Updates with details from latest version of laws)

By Dave Graham

MEXICO CITY, March 19 (Reuters) - Mexico will send legislation to Congress this week to flesh out a reform that seeks to curb the power of telecoms mogul Carlos Slim and the country's top broadcaster, Televisa, a senior lawmaker said on Wednesday.

Slim and Televisa have dominated their industries in Mexico for years, and one aim of the shake-up is to cut their share of the market to below 50 percent.

Emilio Gamboa, Senate leader of the governing Institutional Revolutionary Party, or PRI, said the so-called secondary laws to implement the government's overhaul of the phone and television markets will be presented this week.

The last regular working day for Congress this week is Thursday, and a PRI official told Reuters that that was the day the secondary laws, which were originally supposed to be passed by December, were likely to be presented.

According to a version of the secondary laws dated March 19 seen by Reuters, the legislation will give Mexico's new telecoms regulator extensive powers to police dominant telecommunications companies, right down to the prices and discounts they offer.

The Federal Institute for Telecommunications (IFT), which was created by last year's reform, will be able to force phone companies to seek approval every year for interconnection and infrastructure-sharing terms, the document showed.

Slim became one of the world's richest men after taking control of Mexico's former state telephone monopoly at the start of the 1990s. Today he controls around 80 percent of the local fixed-line business and about 70 percent of the mobile sector.   Continuación...