TowerXchange: What are the expectations with regards to the approval of the new telecom law? And how effective is the law likely to be in speeding the permitting process for new sites?
Miguel Angel Arrigoni, Chairman and Chief Executive Officer, First Corporate Finance Advisors:
The approval process on the new telecom law could be extended into 2018 due to political reasons.
Although being discussed, it won’t be easy for the new law to incorporate a nationwide system allowing a fast-track municipal approval (the so called shot clock rule). In fact, the handling of permits will continue to fall under the individual municipalities, with the government looking to exert indirect pressure via alternative ways such as educational campaigns.
