|Bid||15.64 x 5000000|
|Ask||16.65 x 4000000|
|Day's Range||16.59 - 16.59|
|52 Week Range||10.43 - 16.59|
|PE Ratio (TTM)||27.51|
|Dividend & Yield||0.02 (2.03%)|
|1y Target Est||N/A|
Mexico’s Supreme Court ruled a law requiring dominant phone carrier América Móvil SAB to complete calls from rival networks without charge is unconstitutional, leaving it up to regulators to determine ...
Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil (AMXL.MX) should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom 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. It was one of several changes, along with an opening of the state-run energy industry, that have increased competition in Mexico's strategic industries.
Billionaire Carlos Slim won’t be able to savor his Mexican Supreme Court victory for very long.