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LatinNews Daily - 23 May 2017

In brief: Mexico

* The federal telecommunications institute (IFT), Mexico’s telecommunications sector regulator, has announced that local firm Tecnoradio has failed to meet the deadline to pay M$280m (U$14.9m) in order to secure the concession for 37 radio frequencies offered during a recent public tender process. The announcement by the IFT has raised concerns that the result of the public tender process may prove to be a setback to Mexico’s 2013 telecommunications reform, the aim of which is to increase competition in the sector by allowing new players to enter it. The recent tender of radio frequencies, in which new players were given priority, was a key part of this process. Tecnoradio was presented as one of the new players seeking to enter the radio broadcast market but local press reports later linked it to Grupo Radiorama, Mexico’s largest radio holding group. Following Tecnoradio’s failure to meet the payment deadline, the IFT said that the frequencies awarded to it will now go to the next higher bidder.

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