Friday, March 29, 2024

Logo Central America Link

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