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Mexican Regulator Says Broadcaster Televisa Wields ‘Substantial Market Power

RIO DE JANEIRO, BRAZIL - Mexican broadcaster Grupo Televisa says the telecommunications regulator has notified it that it exercises “substantial power” in its core television business in certain regions, opening the door to possible future measures to encourage competition.

The Mexican broadcast giant, the world’s largest producer of Spanish-language video content, said in a statement late on Thursday, November 26th, that the IFT regulator’s ruling followed its acquisition of cable and internet provider Axtel’s residential fiber optic business and related assets in 35 local districts.

Televisa said the resolution did not imply any anti-competitive behavior.

The . . .

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