Monday, May 6, 2013

Mexico's Congress Passes Telcom Overhaul

Back in March, I had posted about a possible Telcom Shakeup in Mexico.

Well, it turns out that Mexico's Congress has overwhelmingly passed an overhaul to the Telcom industry.

"The bill encourages more foreign investment in the telecom industry and gives regulators the power to stop companies from controlling more than 50 per cent of the market, a measure aimed directly at telecoms tycoon Slim and Televisa." - Reuters

Interestingly, the article also mentions that (fairly) new President Enrique Pena Nieto is also planning to introduce reforms to energy and tax structure later this year.

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Amber Pierce-Schulz is the Broker/Owner of Mayan Riviera Properties, specializing in Puerto Morelos Real Estate and Puerto Morelos Vacation Rentals. We are members of AMPI and Federally Certified Realtors.