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Mexico: ‘Historic’ telecom restructuring brings new watchdog

By  |  March 21, 2013
Mexico: ‘Historic’ telecom restructuring brings new watchdog

President Peña Nieto has officially reached an agreement with his and all major political parties concerning the implementation of a major overhaul of the nation’s telecommunications industry, known as the “Pact for Mexico.” According to the Pact, the Federal Telecommunications Institute will limit national and local media ownership consolidation. Additionally, the FTI will also hold powers similar to those of the US DOJ Antitrust Division concerning the telecommunications commission. The government has decided that the FTI will supervise competition in the sector and monitor its major players to prevent against monopolization, consolidation and other anticompetitive business practices. The threshold for horizontal and vertical ownership restrictions has not yet been established, though politicians will likely model the threshold after US or Argentinian law.

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