Mexico lower house backs telecoms reform, Senate awaits

By Dave Graham and Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's lower house of Congress approved a sweeping reform of the telecommunications industry early on Friday, sending legislation that aims to reduce Carlos Slim's dominance of the phone market to the Senate. The reform bill, which also seeks to curb the power of Mexico's main broadcaster, Televisa, intends to open up the long closed industry to more foreign competition and give regulators the power to compel dominant companies to sell assets. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/mexico-lower-house-backs-telecoms-reform-senate-awaits-174142802--finance.html