Slim's plans for TV in Mexico might be on ice for years
Submitted by mexbiznews on Mon, 05/30/2011 - 7:46am
Reuters
Mexican billionaire Carlos Slim might have to wait for years to enter his domestic television market now that the government has rejected his bid so close to next year's presidential election.
Slim must go back to the drawing board after the Communications and Transport Ministry said his fixed line phone giant Telmex, which dominates the market, had not yet met the regulatory requirements for a TV concession.
The rejection was the latest in a string of setbacks for the world's richest man, whose efforts to get into Mexico's TV market have been strongly opposed by the dominant broadcasters Televisa and TV Azteca.
