Mexico’s Instituto Federal de Telecomunicaciones (Ifetel), a new...
Mexico’s Instituto Federal de Telecomunicaciones (Ifetel), a new federal telecom regulatory agency that will replace Cofetel, will likely lead to regulations forcing “dominant phone and television companies to sell off assets and share network assets with smaller carriers in order…
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to promote more competition,” Wells Fargo analyst Jennifer Fritzsche said Monday in an email to investors. Ifetel’s creation is part of a new law Mexican President Enrique Peña Nieto signed Monday to drive economic growth. Ifetel will be created over the next three months, and will have 180 days to decide which telcos it considers “dominant.” Wells Fargo analysts recently met with NII Holdings, which provides iDEN-based wireless services under the Nextel brand name in Mexico, as well as Argentina, Brazil, Chile and Peru. Fritzsche said “we still do not know the tangible specifics as to the impact on the company’s financials, [but] we view any sort of pro-competition regulation in one of its key markets … as a longer term positive catalyst for the shares."