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General

Mexican Congress gives final approval of telecom reform

Wednesday 1 May 2013 | 15:27 CET | News
The Mexican Senate on 30 April gave final approval to an expansive reform of the telecommunications sector, which aims to promote competition in the industry and restrict the powers of major players such as America Movil and Televisa. According to Reuters, the project encourages more foreign investment in the telecommunications industry and gives regulators the power to prevent companies controlling more than 50 percent of the market. The telecommunications law is part of the reform agenda of the president Enrique Pena Nieto presented in March. This is the second approval by the Senate, after

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Categories: General
Companies: America Movil
Countries: Mexico
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