Mexico telecom regulator sets minimum price for new free-to-air TV
MEXICO CITY, April 16 (Reuters) - Mexico's telecommunications regulator IFT set an 830-million-peso ($63.37 million) minimum price for new free-to-air television channels, the agency said in a statement Wednesday.
The regulator announced in March plans to auction two new free-to-air channels following a major sector overhaul passed last year aimed at boosting competition in the market.
Mexico's television market is currently dominated by broadcaster Grupo Televisa, the world's largest provider of Spanish-language content.
($1 = 13.0983 Mexican Pesos) (Reporting by David Alire Garcia; Editing by Bernadette Baum)
© Thomson Reuters 2017 All rights reserved.