Arab Today, arab today mexico watchdog blocks 16 billion telecoms deal
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Mexico watchdog blocks $1.6 billion telecoms deal

Arab Today, arab today

Arab Today, arab today Mexico watchdog blocks $1.6 billion telecoms deal

Mexico City - AFP

Mexico\'s competition watchdog has blocked a $1.6 billion telecoms deal that would have linked companies belonging to two of the country\'s richest men, both companies announced. The Federal Competition Commission\'s board on Wednesday ruled three to two against broadcaster Televisa\'s planned acquisition of half of cell phone company Iusacell, the companies said. Both plan to contest the decision. The decision \"weakens competition in a key sector of Mexico\'s development,\" Televisa, the world\'s biggest Spanish-language broadcaster, said in a statement. The commission said last week it would announce the decision after informing both companies. The deal would have allied Emilio Azcarraga, who owns Televisa, and Ricardo Salinas, who owns Iusacell and Mexico\'s second broadcaster TV Azteca. The commission\'s rejection is a boost for tycoon Carlos Slim, reputedly Mexico\'s richest man, whose operator America Movil claims around 70 percent of the Mexican cell phone market, as well as 80 percent of land lines. Slim is seeking to enter the television market.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexico watchdog blocks 16 billion telecoms deal Arab Today, arab today mexico watchdog blocks 16 billion telecoms deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexico watchdog blocks 16 billion telecoms deal Arab Today, arab today mexico watchdog blocks 16 billion telecoms deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday