Log Out | Member Center

89°F

87°/69°

Mexican president signs law restricting telecoms

  • The Associated Press
  • Published Monday, July 14, 2014, at 7:31 p.m.

— Mexican President Enrique Pena Nieto has signed into law a communications overhaul with tough restrictions on dominant companies in the telephone and television sectors.

The bill signed by Pena Nieto on Monday imposes fee limits and infrastructure-sharing requirements on any company that controls more than half the market in sectors like telephones, Internet or television.

Companies judged to have "preponderant" market positions face limits on how much and who they can charge, what fields they can enter and what kind of exclusivity arrangements they can make.

Pena Nieto says the change will increase competition in radio and television and create more effective phone and internet services.

Billionaire Carlos Slim's America Movil phone company announced last week it will sell off assets to get the company below the 50 percent limit.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job

in

Top jobs