The Mexican telecoms regulator on Monday set the 2015 rates for interconnection fees between competing networks as part of measures to open up its historically hidebound sector dominated by Carlos Slim's America Movil. The Federal Institute of Telecommunications (IFT) said America Movil SAB de CV, which is trying to downsize to avoid tougher regulation, will be able to charge companies that use its network between 0.005162 pesos and 0.006246 pesos.Companies such as Telefonica and Nextel, which are exempted from the measures imposed on America Movil because of their smaller market shares, will be able to charge 0.2505 pesos.The government completed a major reform in 2014 designed to loosen Slim's hold on the market he has dominated for years. Next year could also see the arrival of U.S. company AT&T Inc to compete with the billionaire.Earlier this month, the IFT approved AT&T's $1.7 billion purchase of Iusacell, Mexico's third-biggest mobile operator, which lags far behind America Movil. Slim's company has around 70 percent of the mobile market in Mexico. ($1 = 14.7690 Mexican pesos)
America Movil SAB de CV is a Mexico-based company, which is primarily engaged in the provision of wireless communications services in Latin America. Shares of AMX traded higher by 0.18% or $0.04/share to $22.24. In the past year, the shares have traded as low as $19.02 and as high as $26.95. On average, 4173030 shares of AMX exchange hands on a given day and today's volume is recorded at 2626144.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.18% or $-0.06/share to $34.11. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 24307800 shares of T exchange hands on a given day and today's volume is recorded at 12687133.
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