Latin American Economy & Business - March 2014 (ISSN 1741-7430)

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.