News Summary: Mexico OKs alliance if TV opens up

Published June 14, 2012 8:19pm ET



THE RULING: Mexico’s two largest broadcasters will be allowed to form an alliance in cellphone service.

THE CONDITION: Broadcasters must open their own industry to more competition through the auctioning of new television frequencies.

THE SIGNIFICANCE: The ruling aims at opening both Mexico’s highly concentrated telecommunication and media sectors, while offering new business opportunities to the powerful magnates who already control many of those industries.