LatAm MarketWatch, May 2014
Consolidation rumours persist while networks upgrades throughout the region keep progressing
Mexican secondary telecoms reform delayed
The critical secondary telecom legislation is still pending before the Mexican Congress. In a recent statement, Chamber of Deputies President Jose Gonzalez Morfin informed the press that lawmakers are likely to meet for special sessions to define the content of the legislation during the month of May.
Telefonica targets Iusacell
Bloomberg report that Telefonica is in talks to acquire Iusacell, Mexico’s third ranked operator. Mott MacDonald report that Iusacell has 8% market share, with Telefonica on 19%. A merger could create a stronger competitor for America Movil’s Telcel, which leads the market with 69%.