America Movil, Grupo Televisa ordered to share infrastructure

|About: America Movil SA de CV (AMX)|By:, SA News Editor

Mexico's Federal Telecommunications Institute (IFT) has ordered America Movil (AMX) and Grupo Televisa (TV) to share their infrastructure with rivals as part of an attempt to increase competition in the country's telecom and broadcasting markets respectively.

The IFT will also regulate Telefonica's prices, and it will force Televisa to publish its advertising prices and stop pressuring advertisers to purchase space on its billboards, cable TV and magazines.

In addition, IFT has called for bidders for two national broadcast-television networks.

The upside for America Movil is that once it has complied with the IFT's demands, the regulator may allow the company to start offering TV services.