Mexico moves to end telecom monopolies

Mar 11, 2013

Mexico's government introduced a draft constitutional reform Monday to end monopolies in telecoms industries that have built some of the country's biggest fortunes.

The plan to improve fairness in some of Mexico's most lucrative industries seeks to foster competition in cable television, telephone and (ISP) services.

The plan would put an end to Mexico's telephone monopoly that is controlled by , the world's richest individual according to Forbes, and concentrated control over broadcast television and cable, which is dominated by Televisa, owned by Emilio Azcarraga.

We want to "strengthen the state's role as a guiding force, the legal framework for these businesses and regulatory capacity, to encourage growth in a context of fair competition," said Transport and Communications Minister Gerardo Ruiz Esparza.

In Mexico's phone industry, Slim's Telmex has 90 percent of landline accounts and his Telcel 70 percent of mobile accounts. Televisa controls 70 percent of and 60 percent of accounts.

The reform also would create a Federal Telecommunications Institute as a regulatory body, taking that authority away from the presidency.

Explore further: Scientists twist radio beams to send data: Transmissions reach speeds of 32 gigabits per second

add to favorites email to friend print save as pdf

Related Stories

Mexico billionaires battle over telecoms sector

Feb 05, 2012

Battles between three Mexican billionaires over control of the lucrative telecoms sector heated up again this week, intensified by international criticism of monopolistic practices.

Billionaires vie for Mexico's telecom market

May 27, 2011

In one corner: the world's richest man, with a fortune estimated at $74 billion. In the other: two of the biggest media moguls in Latin America, with power to shape public opinion.

Mexico TV network seen winning in telecom dispute

Aug 10, 2012

(AP) — The administration of outgoing President Felipe Calderon is canceling telecom frequency concessions belonging to a potential rival of Mexican broadcasting giant Televisa, something analysts said Thursday appears ...

Mexican mogul Slim expands empire in Europe

Jun 15, 2012

Mexican billionaire Carlos Slim on Friday moved to spread his telecoms empire into central and eastern Europe by raising his stake in Telekom Austria to 9.9 percent with the aim of obtaining 25.9 percent.

FCC offers early peak at national broadband plan

Dec 16, 2009

(AP) -- Expanding the fund that subsidizes telephone service for poor and rural communities and finding more spectrum for wireless broadband services will be key pieces of a federal plan to bring high-speed Internet connections ...

Recommended for you

Oculus unveils new prototype VR headset

Sep 20, 2014

Oculus has unveiled a new prototype of its virtual reality headset. However, the VR company still isn't ready to release a consumer edition.

Wireless sensor transmits tumor pressure

Sep 20, 2014

The interstitial pressure inside a tumor is often remarkably high compared to normal tissues and is thought to impede the delivery of chemotherapeutic agents as well as decrease the effectiveness of radiation ...

Tim Cook puts personal touch on iPhone 6 launch

Sep 20, 2014

Apple chief Tim Cook personally kicked off sales of the iPhone 6, joining in "selfies" and shaking hands with customers Friday outside the company's store near his Silicon Valley home.

User comments : 0