Mexico has announced a major reform in the telecommunications and broadcasting sectors, liberalizing not only foreign investment, but also promising antitrust enforcement and government infrastructure sharing, along with targeted sector-specific regulatory reform. These changes, when implemented, will provide significant opportunities for international investors to enter and/or increase their positions in the Mexican telecommunications and broadcasting sectors.

The attached summary presents a preliminary analysis of the reform which is expected to be implemented as early as year-end and by which:

  • Foreign investment will be significantly liberalized in the telecom and satellite communication sector, which is proposed to be allowed to support up to 100% of direct and controlling foreign investment.
  • In the broadcasting sector, non-Mexican entities will be able to achieve a 49% investment position through regular voting shares, while the current limits are 0% of foreign investment in this field.