A PYMNTS Company

Mexico: Efforts to crack telco dominance include satellite auction

 |  December 12, 2013

As Mexico’s new telecommunications regulator fights to crack the near-monopoly of telco giants, including wireless carrier America Movil, reports say the government is now planning an auction to sell two satellite placements, hoping the sale will boost competition.

The nation’s IFT watchdog said in a statement that two satellites will be launched into orbit in 2014 to intercept wireless spectrum.

Further details on the tender process were not disclosed.

While regulators look to fight dominant firms in the industry, reports say Mexico’s satellite industry is largely run by cable giant Televisa, one of the firms authorities are looking to reign in.

Full Content: MSN

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.