Telmex entry in TV market possible this year-regulator

MEXICO CITY, Aug 17 (BestGrowthStock) – Telmex’s (TMX.N: ) (TELMEXL.MX: )
long awaited debut in the television market could happen this
year, according to the head of Mexico’s telecommunications
watchdog.

“It is possible and desirable,” Mony de Swaan, head of
Cofetel, told Reuters in an interview on Tuesday.

“At a government level, we cannot continue talking about
(telecom services’) convergence while we impose artificial
barriers” to players, he said.

Telmex, which controls about 80 percent of Mexico’s fixed
phone lines, is seeking government approval to add television
services to its telecom offerings.

Authorities have asked Telmex to cut the rates it charges to
other phone operators for using its massive transmission network
as a condition for allowing the company to move into television.

(Reporting by Cyntia Barrera Diaz; Editing by Phil Berlowitz)

Telmex entry in TV market possible this year-regulator