A U.S. proposal to enshrine measures targeting Mexican billionaire Carlos Slim's America Movil thwarted NAFTA negotiators' goal to reach a deal on telecommunications issues during the latest talks, according to three sources with knowledge of the matter.
The U.S. proposal would codify Mexico's telecommunications reform in the North America Free Trade Agreement, including a policy to bar America Movil from charging competitors such as AT&T for calls to its network, the sources said.
The policy, a central part of a 2014 effort aimed at loosening Slim's grip on telecommunications in Mexico, was later abandoned by the government after the country's Supreme Court ruled in August that America Movil's interconnection rates should be set by the telecommunications regulator, not legislators.
Slim holds about two-thirds of mobile phone subscriptions in Mexico. Click here to read more.