Monday, 09 July 2007

Mexico's Bolsa Falls on Telephone Antitrust Probe: Peruvian Miners Advance

(Bloomberg) -- Mexico's main stock index fell,
retreating from a record, after regulators vowed to step up efforts
to curb the dominance of phone companies in the country.

Mexico's Bolsa index dropped 323.59, or 1 percent, to
32088.25, led by America Movil SAB. America Movil, Latin America's
largest mobile phone company, fell 1.17 pesos, or 3.3 percent, the
most since April 30, to 34.40 pesos. Telefonos de Mexico SAB, the
country's largest fixed-line company, fell 5.3 percent, the most
since December, 2000.


Read more at Bloomberg Stocks News

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