Mexico’s effort to break up TV, telephone monopolies sparks criticism
Mexico’s effort to break up TV, telephone monopolies sparks criticism
By Tim Johnson
McClatchy Foreign StaffJuly 7, 2014 Updated 59 minutes ago
MEXICO CITY — A year ago, Mexico’s Congress approved a telecommunications overhaul that lawmakers said would end monopoly control of television and telephones and curb the power of some of the nation’s richest men.
Passage of framework legislation to enact the overhaul over the weekend has sparked fierce debate over whether the legislation is substantive or a sham.
Critics and opposition legislators said the proposed overhaul was turned on its head by lawmakers loyal to Emilio Azcarraga, head of the Televisa conglomerate, which is the world’s largest Spanish-language communications company.
The legislation will bring only limited competition to Carlos Slim, the telecom tycoon who is the world’s second-richest man, the critics said.
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