Mexico unveils telecoms bill with powers to curb Slim, Televisa

MEXICO CITY (Reuters) - Mexico's government on Monday proposed giving new telecoms regulator IFT sweeping powers to police the operations of dominant telecoms companies and TV broadcasters, right down to their prices and discounts.

The bill sent to Congress fleshes out a constitutional reform approved last year that seeks to curb the power of phone mogul Carlos Slim and the country's top broadcaster, Televisa.

The regulator, The Federal Telecommunications Institute (IFT), will have sweeping powers to order companies to sell assets, revoke concessions and share networks and infrastructure, according to the bill sent to the Senate.

It will also be able to force companies to seek approval annually for interconnection and infrastructure-sharing terms, in line with a draft obtained by Reuters last month.

Major market players like billionaire Slim's phone and internet giant America Movil, his fixed-line operator Telmex and TV broadcaster Televisa have been declared dominant by the regulator.

The telecoms overhaul, a central plank of a wider raft of economic measures ranging from taxes to energy that Pena Nieto pushed through Congress last year, has raised hope the government is serious about finally breaking the stranglehold of a select few over Latin America's second biggest economy.

Slim, who became one of the world's richest men after taking control of Mexico's former state telephone monopoly at the outset of the 1990s, controls around 80 percent of Mexico's fixed-line business and about 70 percent of the mobile sector.

Televisa has more than 60 percent of the TV market, and many Mexicans complain it exerts too much political influence.

(With reporting by Elinor Comlay, Gabriel Stargardter, Michael O'Boyle and Adriana Barrera; Editing by Simon Gardner and David Gregorio)