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Mexico Moves Against TV, Telephone Tycoons

Posted: Mar 11, 2013 1:35 PM by Associated Press

MEXICO CITY (AP) - President Enrique Pena Nieto is proposing reforms aimed at bringing greater competition to Mexico's highly concentrated telecoms sector.

The reforms aim to lift some limits on foreign investment and open up concessions for two new national television networks.

Current rules have allowed the world's richest man, Carlos Slim, and the largest Spanish-language media empire to dominate Mexico's telephone and television markets.

The reforms announced Monday would form a powerful independent regulatory commission along the lines of the United States' Federal Communications Commission.

They also would require networks to provide programming free to most cable operators, and require cable operators to carry all broadcast channels - measures seen as essential tools for opening television markets to competition.

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