Mexico takes steps to increase TV, telecom competition

• Mexico's Federal Telecommunications Institute (IFT) is moving to boost competition in the telecom and broadcasting sectors and it is notifying companies that it considers to be dominant.
• In a statement, IFT didn't mention names but it was most likely referring to America Movil (NASDAQ:AMOV) in the telecom market and Televisa (NYSE:TV) in the broadcasting sector.
• The classification is important, as the IFT has new powers to break up dominant players, although the regulator has said in the past that such a move would be a last resort.
• Instead, the agency is implementing other measures such as holding a tender for two new national broadcasters.
• However, the IFT needs to wait for final legislation to be passed before it can fully move ahead with reform.