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OECD urges allowing America Movil into TV competition

Aug. 31, 2017 1:21 PM ETAmérica Móvil, S.A.B. de C.V. (AMX) StockAMX, TVBy: Jason Aycock, SA News Editor1 Comment
  • The Organization for Economic Co-operation and Development is calling for America Movil (AMX -0.2%) to enter the television market as a way to increase competition there, according to its new report.
  • The OECD had praised 2014 telecom reforms that were expressly designed to challenge Carlos Slim's stranglehold on Mexican phone and Internet services -- reforms spurred in part by a 2012 OECD study.
  • Now the group says regulator IFT should give Slim a long-sought chance to enter TV, and compete against dominant firms TV Azteca and Grupo Televisa (TV -0.8%), once America Movil spins off part of its network infrastructure as ordered.
  • Mexico has gone from one of the most expensive mobile Internet markets to one of the cheapest following the reforms, the OECD says; it's now calling for similar competition in broadcasting, particularly pay TV.

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