Mexican Senate considers tougher fines in bill targeting Slim, Televisa

2 Jul 2014

Mexico’s Senate has proposed introducing tougher fines against telecoms companies and broadcasters in a new draft of legislation that aims to curb the power of telecoms tycoon Carlos Slim and broadcaster Televisa. According to Reuters, the revised legislation could allow the sector’s regulator – the Instituto Federal de Telecomunicaciones (Ifetel) – to impose fines of up to 10% of a company’s income, rising to 20% if violations are repeated. Ifetel has been granted sweeping powers to police the sector, including the ability to break up dominant players. The highest fines are likely to be imposed on companies that disrupt services without justification – if the operator is the sole provider in the affected area.

According to TeleGeography’s GlobalComms Database, as of 31 March 2014 America Movil subsidiary Telcel controlled 70.6% of the Mexican mobile market, while sister company Telmex occupied 60.4% of the broadband market and over 90% of the wireline sector. Televisa, the world’s biggest provider of Spanish-language content, is believed to preside over around 60% of the free-to-air TV market.


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