As Mexico Cracks Down on Carlos Slim, Femsa Feels the Pain

  • Oxxo emerges as unintended victim of tougher phone competition
  • Cheaper mobile service means fewer shoppers for prepaid cards

Fomento Economico Mexicano SAB is best known for controlling Latin America’s biggest Coca-Cola bottler and operating the region’s largest convenience-store chain. Yet it’s getting hurt by an overhaul of Mexico’s telecommunications industry.

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