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Mexico telecom regulator sets minimum price for new free-to-air TV
April 16, 2014 / 12:36 PM / 3 years ago

Mexico telecom regulator sets minimum price for new free-to-air TV

MEXICO CITY, April 16 (Reuters) - Mexico’s telecommunications regulator IFT set an 830-million-peso ($63.37 million) minimum price for new free-to-air television channels, the agency said in a statement Wednesday.

The regulator announced in March plans to auction two new free-to-air channels following a major sector overhaul passed last year aimed at boosting competition in the market.

Mexico’s television market is currently dominated by broadcaster Grupo Televisa, the world’s largest provider of Spanish-language content.

$1 = 13.0983 Mexican Pesos Reporting by David Alire Garcia; Editing by Bernadette Baum

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