Regulator Rules Televisa is Not Dominant in Pay TV; Lowering FVE on Slower Margin Expansion
The Mexican telecom regulator, Federal Telecommunications Institute (IFT), recently announced that there is no evidence to suggest that Grupo Televisa or any other firm has substantial power in the pay TV market in Mexico. The announcement was expected after the Mexican Supreme Court ordered the regulatory body to void its February 2017 ruling that Televisa did have substantial power in the pay TV market. Recall that the February 2017 ruling was made in response to a lower court ruling that over...
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