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Latin American Economy & Business - March 2014 (ISSN 1741-7430)
MEXICO: Day of reckoning for Slim and Azcárraga?
The two giants of Mexican media and telecoms, respectively Televisa (controlled by the Azcárraga family) and América Móvil (controlled by Carlos Slim), have each officially been declared a “preponderant economic agent” in their sector of activity by the new industry regulator, Ifetel (Instituto Federal de Telecomunicaciones). The ruling means that they now face a series of restrictions designed to limit their power and promote competition from other players.
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