Mexico imposes restrictions on Slim, Televisa

March 7, 2014 7:43 PM
Mexico imposes restrictions on Slim, Televisa
" By MARK STEVENSONAssociated Press MEXICO CITY (AP) - Mexican regulators declared the country's main television network and Carlos Slim's telecom company as "preponderant" market players on Friday, part of an effort by the government to promote competitiveness in the telecommunications sector. By declaring the Televisa network and America Movil "preponderant" authorities can impose restrictions on the companies to allow others to enter the sector dominated by a handful of telecom providers. Regulators also approved plans to open bidding for two new nationwide TV channels, to foment more competition in an industry where the Televisa network holds about 70 percent of non-cable viewership. Televisa bills itself as the largest media outlet in the Spanish-speaking world. The federal Telecommunications Institute said Thursday it is working on the bidding guidelines for the new networks. Currently, Televisa's only broadcast TV competitors are several government educational channels and the smaller TV Azteca, a former government network privatized in the 1990s. By midday, Televisa shares were down about 3.4 percent on the news. Paradoxically for a move aimed at ending market concentration, the decision could open the way for Slim to get into television "

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