(Adds details from statement and background)
MEXICO CITY, March 9 Broadcaster Grupo Televisa
said on Thursday that Mexico's telecommunications watchdog had
imposed new regulations on it in the broadcasting sector,
including increased accounting transparency.
Televisa, the world's largest maker of
Spanish-language content, has been subject to tougher
regulations since 2014 as part of a sweeping sector reform aimed
at making the market more competitive.
The Federal Telecommunications Institute (IFT), Mexico's
telecoms regulator, will strengthen supervision of existing
infrastructure-sharing and require the company to hand over
detailed information on advertising prices.
It will also require Televisa to provide separate accounts
for each part of the business, the company said in a statement.
Televisa said that the new measures come as the sector
already faces greater competition, both from new technologies
and a new broadcasting network, which it said has hit profit
It said it will consider legal or business actions it could
take in response.
Despite the news, shares in the company were trading up 1.31
percent at 101.78 pesos each.
The new measures are part of a periodic revision of the
market, which also affected long time-rival Carlos Slim's
Slim's company, which holds more than two thirds of mobile
subscriptions in Mexico, said on Wednesday it will have to
separate part of its network infrastructure into a new entity.
(Reporting by Christine Murray and Alexandra Alper; Editing by