America Movil still without Mexico pay-TV permit after regulator vote -source

FILE PHOTO: The logo of America Movil is pictured on the wall at a reception area in the company's corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo

MEXICO CITY (Reuters) - A vote by Mexico's telecoms regulator concluded on Wednesday without granting authorization to telecoms giant America Movil to enter the country's pay-TV market, according to a source with knowledge of the process.

The vote means that for now, America Movil, controlled by the family of Mexican billionaire Carlos Slim, will remain without a license to enter pay-TV. The prospect of its getting one has caused major concern among companies operating in the sector.