A PYMNTS Company

Mexico: New telco watchdog determined to boost market strength

By  |  October 29, 2013

Mexico’s new telecommunications regulator said Monday it is determined to boost competition in the telco market and could possibly implement stricter regulations, a move experts say is necessary in a sector dominated by America Movil.

The head of the Federal Telecommunications Institute, also known as Ifetel, Gabriel Oswaldo Contreras, said the new regulations could possibly come as a follow-up to April’s constitutional amendment that allowed authorities to declare a company “dominant” if it has more than a 50 percent market share.

According to Contreras, that ability “is linked to the adoption of measures to guarantee effective competition.”

According to reports, America Movil controls about 70 percent of the industry in the wireless market. Grupo Televisa similarly controls about 70 percent of the television broadcast sector.

Full content: Wall Street Journal

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