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Mexico: Plans to boost TV competition hit roadblock

 |  June 15, 2014

Mexico’s telecommunications authority has reportedly postponed its planned auction set to take place this week that would end in two new nationwide television networks, reports say.

The IFT announced late last week that the auction would now be set for September 2-3, instead of its originally planned dates of June 16-17. In a statement, the authority said the delay “offers greater certainty” to potential bidders and “promotes the maximum participation in the bidding process.”

The IFT is tasked with breaking down the market dominance of top broadcaster Televisa and its closest rival TV Azteca, which, together, make up a market duopoly.

The auction, which is the result of overhauled telecommunications regulations earlier this year, will be the first of its kind in Mexico.

Full content: Fox News Latino

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