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The reforms, which are aimed at increasing competition and investment into the sector, will help Mexicans have better access to telecommunications. Currently only 26 per cent of homes have internet access and 32 per cent of homes have computers. The Mexican government is aiming to provide higher quality coupled with lower cost telecommunication services throughout Mexico. It plans to install a shared network on the 700 Mhz band and to launch two new telecommunications satellites. In addition, the program will include a public bid process for two nationwide free television channels and a public television network.
Market share
Currently America Movil, controlled by billionaire Carlos Slim, has the largest share of the market with 70 per cent of the country's wireless subscribers and more than 70 per cent of the fixed phone lines.Telefonica is the second largest wireless provider with around 20 per cent of Mexico's 100 million mobile phone subscribers.
New regulatory body
Mexico has announced the increase in telecoms investment as part of a US $100 billion package for transport and infrastructure. The reforms create a new regulatory body, Ifetel, which will have expanded powers, including the ability to apply asymmetric regulation on dominant players and even force them to sell assets. The reforms could be enacted by the end of the year.
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