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Televisa has dominant position in pay television, according to regulator

The Federal Telecommunications Institute (IFT) of Mexico ruled that the Televisa group has a dominant position in the pay television market, the group of communication.

Mexico, March 2 (EFE) .- Mexico's Federal Telecommunications Institute (IFT) ruled that the Televisa group has a dominant position in the pay-TV market, it said today The group of communication.

In a bulletin, the group stated that, together with some of its subsidiaries, "it has been declared by the Federal Institute of Telecommunications as an economic agent With substantial power in the restricted television and audio market, based on relevant data through 2014. "

As a consequence, the IFT will initiate a procedure" in which it may or Not to determine the imposition of certain measures on the company with respect to the relevant market, "said Televisa.

The group, which controls about 60% Recorded a net profit of 5,333.4 million pesos (267 million dollars) in 2016, a fall of 56.7% over the previous year.

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