Foreign ownership cap closer to removal for fixed line sector

28 Nov 2008

Reports from the Associated Press are indicating that t a Mexican congressional commission has approved proposals that would loosen or remove a 49% foreign ownership limit for the fixed line telephone sector. The bill will now be considered by the full Congress, although it has not been confirmed whether the legislation will consider investment of 100% by foreign companies. No date has been announced for a final decision. According to TeleGeography’s GlobalComms database, Telmex is currently the dominant player in the Mexican fixed line sector, with a market share greater than 90% at the end of 2007.