| Mexico Senate Approves Telecommunications Reform Anthony Harrup - Dow Jones | |
| go to original April 19, 2013 |
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MEXICO CITY - Mexico's Senate passed early Friday the telecommunications reform bill that aims to increase competition and development in the industry and rein in the market power of dominant players.
Senators voted 118 to three in favor of the bill in the early hours, and returned it to the lower house of Congress, which has to approve a number of changes that senators made to the proposal. The lower house had already passed the bill.
President Enrique Pena Nieto sent the telecommunications proposal to Congress in early March, seeking to give regulators increased powers to improve competitive conditions in the market, raise investment and rapidly expand access to broadband services at more affordable rates.
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