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Mexico's Slim welcomes planned telecoms reform

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Carlos Slim Helu, Mexican telecommunications and retail tycoon, attends a women's final of the 10th Homeless World Cup soccer tournament between Mexico and Brazil at Zocalo Square in Mexico CityMEXICO CITY (Reuters) - Mexican telecoms tycoon Carlos Slim, whose wealth has taken a knock since the government on Monday unveiled a reform bill to overhaul the industry he dominates, said on Sunday he welcomed the plan as a boon for competition. Hailed as the biggest shake-up of Mexico's phone and television market in decades, the bill aims to boost foreign competition and give regulators the power to force firms to sell assets if they have more than 50 percent of the market. ...



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