EconomyFinancialCarlos Slim stays out of pay TV for now

Carlos Slim stays out of pay TV for now

The Federal Telecommunications Institute (IFT) decided to vote against the draft resolution for Claro Video’s entry into pay television, however América Móvil still has the possibility of requesting a concession for this segment again.

According to a source close to the process, the vote against the project for entry to restricted TV for Claro TV does not mean that the IFT has given a resounding no to Carlos Slim’s company, so now if it decides, it will have to broadcast a new request for a concession to be granted to this segment.

The resolution comes after the IFT developed a study to more clearly analyze the concession for Claro TV. Among the edges of the project was whether or not it is an indirect exploitation, because Telmex is prohibited from entering this segment due to its concession.

Yesterday, América Móvil assured that if the telecommunications regulatory body granted it the concession,

“We could enter with an investment of 8,000 million pesos in fiber optic expansion, in areas where there are none today, and available so that any participant can use it,” said Carlos Slim Domit, president of the board of directors of América Móvil. during a press conference.

He added that his entry into restricted television with Claro TV will not affect the competition, on the contrary, he assured, it will benefit it and will cause consumers to have more options at a more affordable price.

However, several specialists and companies in the telecommunications industry have pointed out that América Móvil’s entry into the pay television market, whose segment is concentrated by Televisa, will generate more competitive barriers.

For a decade now, América Móvil has been waiting for the IFT to grant it the concession to enter the pay television segment. Last year it reissued a request to offer this service, however, its concession as a telecommunications operator prevents it from accessing this item.

What's going on? IFT and Cofece fight over technology mergers

The courts have become the last instance to determine which of the two regulators has the last word to endorse or not a merger between two technology giants.

LAST MINUTE: América Móvil will pay 350 million dollars in rent to Latin American...

The company will rely on the lease of towers from the company Sitios Latam to accelerate the deployment of infrastructure for the development of 5G.

The jewel in Slim's crown, América Móvil, rises in the Stock Market

The company's report was in line with what the market expected, which is driving its share price.

LAST MINUTE: Postpaid plans with 5G boost América Móvil's revenues

Carlos Slim's company has begun to focus on users with higher purchasing power for its 5G plans. A strategy that has helped offset the drop in smartphone sales.

They plummet: Slim's shares in Latin American Sites in its debut on the stock...

Investors in América Móvil are getting rid of the shares they were given in Sitios Latinoamérica.