Mexico’s telecommunications regulator has ruled that broadcaster Grupo Televisa does not have market power in pay television, meaning the company avoids being hit with new tougher rules.
The investigative arm of the Federal Telecommunications Institute provisionally said in March that Televisa did have “substantial market power”, causing its shares to dip at the time.
But a vote by the IFT board on Wednesday rejected that finding because the company, the world’s largest provider of Spanish-language TV content, has been losing market share, the IFT said in a statement on Friday.
Last year, as part of a wider sector reform in telecoms and broadcasting, Televisa was declared dominant in the free-to-air TV market, forcing it to allow pay TV rivals to show its free content, among other measures.
Full content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google’s Bid to End EU Antitrust Case with AdX Sale Rejected by Publishers
Sep 18, 2024 by
CPI
Google Challenges £7 Billion UK Lawsuit, Seeks Case Dismissal Over Alleged Market Abuse
Sep 18, 2024 by
CPI
GameStop CEO Ryan Cohen Fined Nearly $1M for Antitrust Violation in Wells Fargo Deal
Sep 18, 2024 by
CPI
French Regulator Approves FDJ’s Kindred €2.45B Acquisition with Conditions
Sep 18, 2024 by
CPI
UK Competition Authority Targets Greenwashing with New Fashion Compliance Rules
Sep 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández