Mexican senator proposes integration of telecoms, energy, antitrust regulators

12 Jun 2020

Ricardo Monreal, the Mexican Senate Majority leader, has proposed a new bill that seeks to integrate the country’s telecoms, energy and antitrust regulatory agencies via the creation of an enlarged regulatory entity. With the approval of this bill, the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT), the Energy Regulatory Commission (Comision Reguladora de Energia, CRE) and the Federal Commission of Competition (Comision Federal de Competencia Economica, COFECE) would be merged into the National Institute of Markets and Competition for Well-being (Instituto Nacional de Mercados y Competencia para el Bienestar, INMECOB).

As per the senator’s plans, INMECOB would be a constitutionally autonomous entity that would focus on investigating markets, guaranteeing competition, and combating monopolies. Monreal claims that the integration would help to save MXN500 million (USD22.3 million) a year by creating synergies that would help streamline highly bureaucratic processes.