As Mexico’s telecommunications market continues ongoing reformations, the nation’s new Federal Telecommunications Institute has reportedly asked for $234 million to perform its duties.
The watchdog, known as the IFT, reported that it took over more than 30 percent of the responsibilities regarding competition from the Federal Competition Commission since coming into operations.
According to the IFT’s chairman Gabriel Conteras Saldivar, the regulator is also facing insufficient resources, reporting an inheritance of 10 monitoring trucks from the now-defunct Federal Telecommunications Commission. The regulator said it needs at least 20 such trucks, reports said.
The watchdog’s claims came following a study recently published by Business Monitor International, which would that Mexico’s telco market has low penetration rates and a lack of competition considering America Movil’s market dominance.
Full content: Telecompaper and SBWire
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI