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Mexico’s President Peña Nieto Adds Telecoms to Ambitious Reform Agenda

Watch out, Mexico: there’s a new sheriff in town, and he’s cleaning up. New President Enrique Peña Nieto’s bill to increase competition in the television and telecom industries (as well as allow more foreign ownership) has just sailed through Mexico’s lower house of Congress and is now one step closer to becoming a reality. The FT has more:

The bill proposes the creation of a tough industry regulator able to label as “dominant” any company with more than 50 per cent of the telecoms or television markets.

It could then impose a series of measures—ranging from asymmetric tariff structures all the way to forcing asset sales—to limit those companies’ power and to make it easier for new entrants to compete more effectively.

The man whom the Los Angeles Times once called a “man of mystery” and whom the Economist labeled the “least bad choice” for reform in Mexico is now adding telecoms policy to education and energy as reform accomplishments. Let’s hope this winning streak continues.

[Image of President Nieto at 2010 WEF courtesy of Wikipedia]

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