Carlos Slim’s Profit Margins Are Right Where Mexico Wants Them

After eight straight quarters of declines, America Movil SAB’s profit margin in Mexico has sunk to a level that the government finds acceptable.

Margins in the industry are now close to what phone companies get in other parts of the world, and regulators should ensure they stay there, Deputy Telecommunications Minister Monica Aspe said in an interview. America Movil, controlled by Carlos Slim, has argued that competition is thriving and that market controls should be lifted.