Mexican Senate Approves Telecoms-Reform Bill Al Jazeera
go to original May 1, 2013

Carlos Slim's fixed-line telephone company, Telmex, controls 80 percent of the industry. (EPA)

Mexico's Senate has approved legislation to open up the telecommunications industry, a sector dominated by TV giant Televisa and the telephone company belonging to Carlos Slim, the world's richest man.

The bill, approved on Tuesday, is one of the key reforms being pushed by President Enrique Pena Nieto, who took office in December pledging to improve the country's competitiveness.

A majority of the country's state legislatures will also have to approve the bill before it is signed by Pena Nieto.

"What we are doing is opening [the market] to competition," Jorge Luis Preciado, a member of the Senate's radio, film and television committee, told a radio station. "Now it's everybody against everybody."

Read the rest at Al Jazeera

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