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Mexico reviews Telmex satellite deal

14 July 2011

Competition regulator investigates Carlos Slim’s deal with satellite company following rivals’ complaints

Read more: Telmex Mexico Carlos Slim Cofeco Televisa TV Azteca

Mexico’s federal competition commission, Cofeco, is probing the alliance between Telmex and satellite TV service Dish Mexico to see if the deal helped Telmex chief executive Carlos Slim enter the television market without authorisation. Slim had been denied a television licence.
A number of rivals, including Televisa, its telephone and cable TV allies, and TV Azteca, had complained that the deal, providing a low-cost television service, is improper. The authorities are examining if the alliance has breached and fair business rule, says Reuters.
Telmex says the deal with Dish Mexico only encompasses printing a single bill for shared services. Financial reports, however, show that Telmex, controlled by Slim, has an interest in the enterprise which could breach rules.
Cofeco is also investigating alleged monopolistic practices among telecoms firms bundling TV and phone services. The regulator, however, did not say which companies it is looking at. GTB




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