Mexican regulator Instituto Federal de Telecomunicaciones (Ifetel) has declared that broadcasting giant Grupo Televisa now has ‘substantial power’ in 99 markets across the country, chiefly as a result of its August 2014 acquisition of Cablecom. Ifetel will now issue a draft resolution regarding its findings and take ‘necessary measures to prevent harm to competition in these markets’. The regulator’s ruling comes at a time when Televisa is being probed for its possible nationwide dominance in the pay-TV sector.
As previously reported by TeleGeography’s CommsUpdate, in August last year Grupo Televisa paid MXN8.55 billion (USD654 million) to acquire the 49% of shares in triple-play cable network operator Cablecom that it did not already own. In August 2013 Televisa paid an initial MXN7 billion for a 51% controlling stake in Cablecom, which is understood to operate in 16 Mexican states.