American telecommunications operator AT&T has announced plans to invest up to $250 million as part of their development plan in Mexico City, said General manager Thaddeus Arroyo. Mexico City mayor Miguel Angel Mancera has said that this investment, equivalent to 4.3 billion pesos, will help generate up to 7,600 jobs.
“Last June we announced our company’s plans to invest around three billion dollars in order to deploy our high-speed mobile network, which by the end of 2018 will serve around 100 million people throughout Mexico” said Mr. Arroyo.
The company’s manager dismissed recent declarations by Daniel Hajj, CEO of rival operator América Móvil (Telcel), who had insinuated that the asymmetrical regulations on connection fees and similar measures enacted on the company could be seen as a form of ‘subsidy’ of the market leader’s rivals. “The rules and measures we have in place are necessary. We only have 8% of the market, and it’s important for dominant players to first comply with the measures imposed on them”.
Source: Los Tubos
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI