Mexico strengthens telecoms regulator

Mexico's government on Monday proposed giving a new regulator wide-reaching powers to police the operations of dominant telecommunications companies and TV broadcasters, right down to their prices and discounts.

The bill sent to Congress fleshes out a constitutional reform approved last year that seeks to curb the power of phone mogul Carlos Slim and the country's top broadcaster, Televisa.

The regulator, the Federal Telecommunications Institute (IFT), will have sweeping powers to order companies to sell assets, revoke concessions and share networks and infrastructure, according to the bill.

Source: Reuters