Mexican ruling hits broadcast spectrum recovery plan

MEXICO CITY (Reuters) - Mexico's Supreme Court on Wednesday upheld an appeal by a company fighting to keep a chunk of lucrative broadcast spectrum that the government hopes to use to spur more competition in the country's closed telecommunications market. The decision is a blow to Mexico's new government which is trying to shake up a telecom sector where regulatory efforts have long been stymied by court battles from entrenched players such as the world's richest man, Carlos Slim. The government last year said it wanted to reclaim 68 licenses for the 2. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/mexican-ruling-hits-broadcast-spectrum-recovery-plan-233028681--finance.html