Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim's America Movil, which has long dominated the country's telecommunications market.
MEXICO CITY - Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim’s America Movil, which has long dominated the country’s telecommunications market.
Televisa originally planned to roll out the service in September, Izzi Chief Executive Salvi Folch said in an interview. But as cases of the coronavirus began climbing, executives sensed the economic turmoil stemming from the virus would create more demand for low-price phone packages and will now launch the service on Monday.
Mexico has long fought to promote competition in telecommunications, even passing a constitutional reform in 2013 aimed at loosening Slim’s grip on the market. Yet global telecoms titans such as AT&T and Telefonica have failed to meaningfully erode Slim’s market share and America Movil still holds about two-thirds of mobile phone lines, according to statistics from Mexican telecom regulator IFT.
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