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Mexico cancels concessions amid telecoms war

Friday, August 10, 2012

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 to favor the television company.

The dispute is the latest round of a long-running battle between Mexican telecom magnates, including the world's richest man, Carlos Slim, to dominate integrated Internet, cellphone and television services.

The issue is a touchy one in Mexico, where broadband prices remain high and about three-quarters of the mobile phone market is in the hands of Slim's companies — about the same level of dominance held by Televisa in broadcast television.

Source: Associated Press