Slim May Face New Competitors in Mexico Telecom Reform Law

Lawmakers from Mexico’s three biggest parties plan today to present a wide-ranging telecommunications bill that ends a longstanding limit on foreign investment, one of the proposal’s architects said.

The legislation, to be backed by President Enrique Pena Nieto, also will define the way cable and satellite companies should work with broadcasters, said Guadalupe Acosta Naranjo, an official with the opposition Democratic Revolution Party who has helped draft the bill. In addition, it will provide regulators with greater recourse against providers that break the rules.