A PYMNTS Company

Mexico: Telco watchdog budget grows threefold

 |  November 19, 2013

The budget for Mexico’s new telecommunications regulator Ifetel was announced this week, resulting in funds three-times greater than those given to its predecessor but still less than what Ifetel had requested from the government.

Reports say Ifetel will receive a more than $150 million budget for 2014, more than three times allocated by congress to the former teleco regulator Cofetel.

Still, the funds are about $77 million less than what Ifetel had previously said it would need to adequately do its job.

Ifetel officially launched operations last September as Mexico looks to boost its telco sector, largely dominated by wireless firm America Movil and television operators Grupo Televisa.

Full Content: Total Telecom

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