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General

Mexico's IFT forced to cancel projects due to 2020 budget cut

Tuesday 26 November 2019 | 10:43 CET | News
Mexican telecommunications regulator IFT has announced that it will be forced to "cancel or postpone" projects scheduled for 2020 due to a significant budget cut ordered by congress. In a statement, the watchdog said the public spending austerity plan of President Andres Manuel Lopez Obrador has resulted in its budget being cut by over 10 percent to around MXN 1.54 billion, some MXN 188.8 million less than the amount it requested to effectively regulate Mexico's telecommunications and broadcasting market.

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Categories: General
Companies: IFT
Countries: Mexico
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