Billionaire Slim’s telco bullish on coveted Mexico TV license

MEXICO CITY: America Movil, the telecoms giant controlled by the family of billionaire Carlos Slim, is growing increasingly bullish that it will receive a license to offer television in Mexico, a prize that has eluded it for nearly three decades.

America Movil offers TV in markets across Latin America, but the company has been barred from providing the service in its native Mexico since the privatization of state telecom firm Telmex in the early 1990s, which gave rise to the industry juggernaut.

Last October, an America Movil subsidiary filed a request for a pay TV license with Mexico’s Federal Telecommunications Institute (IFT).

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