A PYMNTS Company

Mexico: Regulator hit by austerity budget

By  |  September 13, 2016

Mexico’s Federal Telecommunications Institute (IFT) is set to feel the pinch in next year’s austerity budget, recently announced by the Federal Government. However, IFT officials have been quick to assure the public that the approved budget will be sufficient to see through a series of important projects for 2017.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Gabriel Contreras, IFT’s president, has said the agency will review its processes in order to meet the austerity measures, while highlighting the string of successful actions taken by the IFT in the three years since its formation, and the palpable effects on society. Included in these victories for the regulator are a major reduction in telephone rates and the elimination of long-distance charges, as well as greater competition in the TV and broadcasting sectors.

    Mr. Contreras’ remarks were made during a ceremony celebrating the retirement of the “Telecommunications in Mexico” postage stamp, which commemorated three years of the IFT’s creation.

    Full Content: Noticias MVS

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