Mexico moves to end telecom monopolies

March 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: Mexico billionaires battle over telecoms sector

Related Stories

Mexico billionaires battle over telecoms sector

February 5, 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

August 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

June 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

December 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

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

0 comments

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.