Goings-on in Mexican telecoms are akin to a “telenovela”. América Móvil, the empire owned by the country’s richest man, Carlos Slim, stars in every season
América Móvil has been subject to laws aiming to boost competition for almost a decade. Under anti-monopoly legislation passed in 2014 “preponderant” firms, with over a 50% share of the market, such as Telmex, have been subject to strict regulations. The legislation has forced Telmex to run its retail and wholesale businesses separately. It was previously obliged to share its infrastructure with other operators, for a fee.
The results have been mixed. Telmex’s retail arm, Telcel, remains the dominant firm in mobile phones and mobile internet. In the former it held 63% of the market last year, compared with 69% in 2013. The mobile market is hard for more than a few companies to crack, says Leonardo Olmos of, a bank. Creating a network with national coverage is expensive, giving incumbents a formidable advantage.
The regulations have been more successful at sparking competition for fixed-line and broadband services, in which regional operators can more easily make a mark. Telmex’s share of broadband connections dropped from 73% to 40% between 2013 and 2022, and from 72% to 39% of fixed-line phones. Megacable and Totalplay are growing fast, in part by offering packages that include payRivals accuse Telmex of dragging its feet over requests to allow them access to its infrastructure.
The demands for a break-up of Telmex may be less about promoting competition and more a “game” in the run-up to the’s third revision of the reforms of 2014, due this year, says Mr Olmos. Its rivals fear that América Móvil will finally be allowed to enter the pay-market. The request could be used as leverage to prevent it. Previous revisions have hardly dented the behemoth’s profits. And thehas been less active of late, partly because almost half the seats on its board remain vacant.
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