Mexican president signs market reform legislation

12 Jun 2013

President Enrique Pena Nieto has signed into law legislation designed to enhance competition in the Mexican telecoms sector. A new regulatory agency called Ifetel will be created, and its duties will include determining which companies are dominant in their respective market, such as America Movil in the wireless sector, and taking necessary measures to guarantee competitive restrictions. In addition, restrictions on foreign ownership of fixed line operators will be lifted, and the government is planning to set up a state-run carrier of carriers to help it meet its target of ensuring 70% of homes and 85% of business have access to the internet.