IFT: Televisa does not have substantial power in pay TV

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Mexican Federal Telecommunications Institute (IFT) announced that it does not have elements to determine that Televisa has substantial power in the pay TV market.
The regulator reversed an earlier decision after the Mexican Supreme Court ordered it to revisit its finding that Grupo Televisa has substantial power in the pay TV market.
The Mexican group said on Friday that it has been notified by Mexico’s telecom regulator that “it does not have elements to determine that Televisa has substantial power in the market of restricted television and audio services”.
“With this resolution, any proceeding initiated by IFT to impose asymmetric measures on the company and its subsidiaries related to the determination of substantial power is left without effect, and the measures directly provided for such purposes in current regulations are not to be applied”, Televisa added.
The Mexican giant had challenged the IFT’s resolution of February 24, 2017. In response, earlier this year, the First Chamber of the Supreme Court ordered the regulator to revisit the decision and to issue another resolution under new terms.