Mexican Telecoms Reform Opens Door to All Players, Says Official Dave Graham and Tomas Sarmiento - Reuters
go to original March 14, 2013

Monday, President Peña Nieto submitted a Constitutional Telecommunications Reform Bill to the Lower Chamber, and the Coordinators of the PRI, PAN, PRD and Green Ecologist Party Deputies. (Presidency of the Republic)

MEXICO CITY – The Mexican government’s planned overhaul of its phone and television markets opens up the field to all players, one of the architects of revamp said on Wednesday, which could offer telecoms tycoon Carlos Slim a way into the local TV business.

The telecoms reform bill, presented by President Enrique Pena Nieto on Monday, could end broadcaster Televisa’s rule of the airwaves and Slim’s stranglehold on the phone business.

The government is seeking to boost competition in the closed sector by allowing more foreign ownership of media and phone companies. Regulators would also be given the power to force players commanding more than 50 percent of the market to sell assets.

This could lead Slim, the world’s richest man, to offset pressure on his phone business by pushing into Mexican television, a market that he has been kept out of so far.

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