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: TV startup Aereo in bankruptcy after US court defeat

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

WiFi hubs to replace New York pay phones

Nov 18, 2014

Thousands of high-tech terminals offering free WiFi and other services will soon replace New York's remaining fleet of seldom-used pay phones, the city mayor said Monday.

US spies on mobile phones from the sky, report says

Nov 14, 2014

US justice officials are scooping up mobile phone data from unwitting Americans as part of a sophisticated airborne surveillance program designed to catch criminals, the Wall Street Journal reported Thursday.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.