Mexico telecoms overhaul poised for enactment.
With Mexico’s telecoms bill having obtained the final stamp approval before enactment, lawyers are gearing up for demand from clients as they grapple with more stringent antitrust requirements and prepare for investment opportunities arising from upcoming bidding rounds and assets up for grabs as dominant players like América Móvil divest.
Fernando Carreño, of Von Wobeser y Sierra, S.C. in Mexico City, says the decision to break up América Móvil is understandable, if not expected. "The IFT now has such important powers to appoint 'prevailing economic agents' and this has a great impact on the development and management of the activities of these companies," he says.