Mexican President Enrique Pena Nieto has signed into law a sweeping overhaul of his country's...


Mexican President Enrique Pena Nieto has signed into law a sweeping overhaul of his country's telecom and broadcast sectors that aims to increase competition and reduce the power of the dominant players, America Movil (AMX, AMOV) and Grupo Televisa (TV). The measures include the creation of a new regulator with wide-ranging powers such as being able to force companies to sell assets. Teleonica (TEF), which holds around 20% of the wireless market, hopes to benefit.

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