Competition law to open new antitrust stage: Ramírez Cuellar

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With the regulatory framework on economic competition that the legislative branch is about to approve, Mexico will enter a new stage to really combat monopolies and protect people who consume services such as telecommunications where levels of concentration are intolerable, particularly in the mobile phone market. “There are a number of markets where families, consumers spend more than 30 percent of their income, which are dominated by very few,…

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On Tuesday, Congressman Alfonso Ramírez Cuéllar, vice-coordinator of Morena in the Chamber of Deputies, presented an initiative for a Federal Antimonopoly and Economic Competition Law, which paves the way for the creation of the National Agency for Competition and Economic Welfare (Anacobe). In general terms, it includes the commitment that Mexico assumed in the T-MEC and establishes the terms of coordination, for the regulation of telecommunica…