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AMLO in favor of renewing Telmex’s concession to Slim but with favorable rates

AMLO said that the decision to renew or revoke will be taken in due course, but clarified that there is no interest in withdrawing concessions and that a social commitment will be maintained.

President Andrés Manuel López Obrador said on Thursday he was in favor of the renewal in 2023 of a concession of the telecommunications firm Telmex, owned by magnate Carlos Slim, but with the commitment that the company benefits the population with favorable rates. and breadth of the network.

The new terms of the concession will be issued in March 2023, according to the Federal Telecommunications Institute (IFT), which in 2016 notified Telmex that it granted an extension for 30 years from March 11, 2026. The initial concession was granted in 1976 and modified in 1990 when it was privatized and acquired by the Mexican magnate.

President Andrés Manuel López Obrador said in his morning press conference that the decision to renew or revoke will be made in due course, but clarified that “there is no interest in withdrawing concessions” and that a social commitment will be maintained.

“The case of telephony, if it is guaranteed that the service will be provided and that it is a Mexican company, because that also matters, and there is also something that they can contribute, for example, in the case of internet connectivity, of course, we endorse the concession, “he said.

The president has taken measures for the State to regain control of strategic sectors such as energy and mining, seeking to reverse a profound reform of the first sector carried out during the previous government, and is a staunch critic of neoliberalism and privatizations.

Source: forbes.com.mx

Mexico Daily Post

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