August 16, 2017 / 7:41 PM / a year ago

Mexican Supreme Court favors Slim's America Movil in telecom reform battle

MEXICO CITY, Aug 16 (Reuters) - The Mexican Supreme Court on Wednesday unanimously found billionaire Carlos Slim’s telecom firm America Movil should not be barred by law from charging its rivals interconnection fees, in a setback to a reform intended to curb the firm’s dominance.

The 2014 industry reform, one of Mexican President Enrique Pena Nieto’s signature accomplishments, prohibited America Movil from charging other carriers for calls made to customers on its network, even though those firms are allowed to bill America Movil for using their networks. (Additional reporting by Julia Love and Sheky Espejo)

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