Weekly Report - 13 November 2014 (WR-14-45)

MEXICO | New telecoms player poised to re-enter market. On 9 November US-based multinational telecommunications firm, American Telephone & Telegraph (AT&T), announced that it had reached an agreement with Mexico’s Grupo Salinas to purchase its telephony services branch, Iusacell, for US$2.5bn. The deal could result in a significant change in Mexico’s highly concentrated telecoms market, which the recently approved telecommunications reform aims to make more competitive by breaking up the existing oligarchic structure in which three local firms (Grupo Salinas, Grupo Televisa and América Móvil) practically control the entire market.

End of preview - This article contains approximately 341 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial