Carlos Slim Domit questions competition dynamics in Mexico

Carlos Slim Domit, America Movil Board of Director’s Chairman, made critics on today’s pay TV prices in Mexico and said that, with the lack of competition in the area, prices have increased in a considerable way, while telephony and Internet are maintaining cheaper rates than in the US. ‘Telcel and Telmex, by investing in towns where competitors unfortunately do not, expand their market share, which inhibits their investment’, he said.

The executive also expressed that universal connectivity in  the country could be developed in the short term working together with all participants in the area, including the Mexican Government, regulators and companies. The businessman said that the company Red Compartida is located in a territory already covered by existing operators, and is inefficiently occupying one of the most relevant spectrum bands for the use of broadband, which is 700 Mhz.

Mexican magnate Carlos Slim’s son also insisted on the need to promote public policies to develop infrastructure and innovation for competition, promoting investment.