WHAT DOES THE TELMEX SEPARATION IMPLY FOR CARLOS SLIM?
With four votes in favor and three against, Telmex's functional separation plan was approved by the Federal Institute of Telecommunications (IFT). This means that the company of Carlos Slim must create a company that provides wholesale services, that is, the attention to companies, and another that is responsible for serving residential customers.
Both companies will continue to belong to América Móvil, of the Slim family, but the creation and identification of the two companies will entail additional costs. "It does affect (América Móvil), due to the procedures to have companies with their own employees, and at an operational level this separation implies costs.
It is an investment that has no return, "said Ramiro Tovar, consultant in regulation and economic competition. "There is an impact for América Móvil, but it's not much. It's about identifying your new company, but it still belongs to the same owner, "said Gonzalo Rojon, director of analysis for The Competitive Intelligence Unit.
