December 18, 2015 / 2:33 AM / 2 years ago

Mexico telecoms regulator backs AT&T and Telefonica spectrum deal

MEXICO CITY (Reuters) - Mexico’s telecoms regulator on Thursday said it had approved swaps of frequency blocks and a spectrum rental deal between AT&T Inc and Telefonica SA, the main competitors to the country’s dominant player, Carlos Slim’s America Movil.

An AT&T logo and communication equipment is shown on a building in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake

The Federal Telecommunications Institute (IFT) said it had authorized the swaps and the rental deal that would allow AT&T to use spectrum in the range of frequencies in the 1.7/2.1 GHz band in some regions, and for Telefonica’s local unit to use it in the frequency ranges of the 1.9 GHz band.

In 2013, Mexico launched a reform to loosen billionaire Slim’s hold on the country’s telecoms market. The IFT was created as a tougher regulator to spur greater competition.

Writing by Dave Graham; Editing by Lisa Shumaker

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