Industry | 2014.03.12
Fitch: IFT Rules Broadly on Mexican Telecom & Media; No Credit Impact for America Movil & Televisa
CHICAGO--(BUSINESS WIRE)--Fitch Ratings does not expect any material negative impact on the credit profiles of America Movil, S.A.B. de C.V. (AMX, \'A\'/Stable) and Grupo Televisa, S.A.B. (Televisa, \'BBB+\'/Stable) from the recent rulings by Mexican regulatory body Instituto Federal de Telecomunicaciones (IFT). On March 6, 2014, IFT issued a resolution declaring AMX and Televisa as \'preponderant\' players in their respective industries that will be subject to unfavorable asymmetric regulations. \'Th
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