America Movil may not face tougher regulation without asset sale: regulator

March 28, 2015 5:38 PM

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America Movil may not face tougher regulation without asset sale: regulator

MEXICO CITY (Reuters) - Mexico's telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim's America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.

Mexico's Congress last year passed sweeping telecoms reform aimed at curbing America Movil's industry dominance, prompting the company to say it would sell a chunk of assets to reduce its market share to below 50 percent.

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