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CITY OF MEXICO (Expansion) –
The Federal Institute of Telecommunications (IFT) approved the business model of the companies resulting from the functional separation process of Teléfonos de México (Telmex) and Teléfonos del Noroeste ( Telnor), the companies of Carlos Slim's telecommunications group, América Móvil
The regulator said in a statement on Friday that America Móvil, as the preponderant in the telecommunications sector, should submit its proposal for statutes constituent of UMT and UMNOR (the wholesale companies resulting from the process of separation between Telmex and Telnor, respectively), as well as the proposed articles of SUM, the subcontracting company of ; UMNOR.
Explain that the approved articles of incorporation establish the exclusive supply of wholesale telecommunication services as the business purpose of new businesses, that is, they will not provide service to the end user, but only to the operators, in addition the statutes will regulate their structures and the functioning of the decision-making, administrative and corporate governance bodies during the transition period.
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The statutes approved by the FTI set 31 December 2018 as the deadline to form an UMT and UMNOR Independent Board of Directors which operates definitively.
For the time being América Móvil has "the possibility of appointing a single director or a temporary board of trustees to function during the transition process."
The IFT approved last March the definitive plan for the separation of Telmex and Telnor in order to provide local network access services, as well as the local dedicated links and the passive infrastructure associated with the network, to other operators under non-discriminatory conditions [19659003] We recommend: Huawei claims that US lawmakers are ignorant
Functional separation ordered by regulator following biannual review of the effectiveness of asymmetric regulation imposed to the prevailing regulations.
functionally separate the company having the most covered local network in the national territory as an alternative measure to ensure that operators have effective access to essential inputs on the same terms and conditions as those required by the Constitution.
