Carlos Slim offers to expand "social" connectivity in exchange for access to the TV business

The company América Móvil, owned by Carlos Slim and a leading player in the telecommunications business in Mexico, requested the Federal Institute of Telecommunications access to pay TV via satellite in exchange for expanding telephony and Internet coverage in the national territory.

This Tuesday, again, AMX insisted, arguing that if it is given access to this sector it will be beneficial for national communications and would be in line with the current government's intention to "bring coverage and connectivity" to underserved regions. Image: Flickr
This Tuesday, again, AMX insisted, arguing that if it is given access to this sector it will be beneficial for national communications and would be in line with the current government's intention to "bring coverage and connectivity" to underserved regions. Image: Flickr

Repeatedly, Slim has been denied participation in the TV business, so he has had to limit his entertainment content offer to his Claro Video streaming service, which is offered to Telmex users.

Despite its various attempts, it has not been granted to own or operate pay television channels, considering that its presence in the communications market is already excessive. In turn, Slim's group has complained that Televisa is allowed to monopolize the sector.

This Tuesday, again, AMX insisted, arguing that if it is given access to this sector it will be beneficial for national communications and would be in line with the current government's intention to "bring coverage and connectivity" to underserved regions.

With this, Slim makes clear that he takes note of the threats made by President Andrés Manuel López Obrador in the sense that he could withdraw concessions if he does not serve the remote regions that do not have connectivity, but also, that he takes advantage of this to fulfill the desire to enter the TV, one of the few items of business that have been denied.

"As of 2014, Televisa has acquired, without regulatory control, the majority of cable pay TV providers in the country, which, combined with the lack of new players, has exacerbated the concentration. This lack of competition has prevented a greater penetration of broadband, has generated higher pay TV prices and lower quality of these services."

The document points out that if you are allowed to enter the television business, your company "would be forced to invest in new networks", thus expanding coverage. It offers to be a client of the government itself, by acquiring the Internet concession and other services in markets and public places (a project established since the administration of Enrique Peña Nieto) to provide specially designed service packages.

The issue has been causing for disagreements between the employer and the president. AMLO has said that his government would be able to take the connectivity of the country into his hands, thanks to the fact that it has the fiber optic cables of the Federal Electricity Commission. That he does not need any company, in open reference to the group América Móvil, of Slim.

In turn, he once mocked the president, saying that connectivity is not only a matter of "cables and fiber optics", but in many cases requires a satellite signal. Now, he makes it clear that he is willing to resolve the issue that worries the president so much, provided he is given a sufficiently powerful incentive.

The document states that AMX is willing to make "additional investments for the deployment of new generation infrastructure", using its own already installed networks belonging to Telmex, Telcel, and Altán Redes. It also offers to improve the broadband internet service, since it is in your interest to do so in order to properly send a television signal through it. His group has the financial, technical and operational capacity to achieve it, which the government lacks.

All this, in addition, will be beneficial for the market, since it will encourage competitors to improve their services, expand their networks and lower their prices, he says. "AMX's offer of satellite pay-TV service will expand the options of users in the short term and will intensify the competitive environment of this service, without any risk of deteriorating the competitive dynamics in other markets."

Source: Etcetera.com.mx

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17/05/2019

Carlos Slim calls for eradicating poverty and strengthening the middle class

The richest man in Mexico Carlos Slim asked to change the current obsolete educational model and strengthen the middle class, which is stagnant.

For Carlos Slim, the lack of planning by the governments caused the society to reach a generalized level of satiety. This was stated by the Mexican magnate during the inauguration of the XXV Plenary Meeting of the Círculo Montevideo Foundation, which brought together political, economic and intellectual leaders in Mexico City.

Slim urged to expand Internet connection networks in all territories, change the current obsolete educational model and strengthen the middle class, which is "stagnant."

"The society is tired that many years pass without anything happening," said the tycoon. "The lack of an increasing middle class increasingly limits the demands of goods and services, reduces investment and employment, it is very important not to remain in the middle-class stagnation or even in the decrease of their income because this impacts throughout the economy."

For this, it is necessary to improve and expand the Internet connection in all territories, since it is the "nervous system of the new civilization". And in the "remote areas", to get at least educational centers and health centers connected.

According to Slim, contemporary societies do not face a time of change but a change of time marked by the emergence of new technologies and new ways of relating and developing the economy.

Faced with this, he said in his speech at the opening table of debates on governance, that we must know how to "lead change", which means "building the bridge" so that technologies lead to "development" instead of gaps social.

According to the tycoon, it is the Asian countries, especially China, who have managed to adapt to this new world, developing technologies, education, and knowledge that have allowed them to grow their economies with "two digits".

Although he was hopeful that Latin American countries can also achieve it, and gave as an example to Mexico, that when it went from being an agricultural society to an industrial one, it managed to grow at a rate of 6.2% of gross domestic product (GDP) for 50 years. years.

This desire coincides with that of the current Mexican president, the leftist Andrés Manuel López Obrador, who has asked entrepreneurs for more private investment to achieve an average annual growth of 4%, higher than the 2% recorded in recent decades.

"Innovation does not stand alone, it needs the support of the State, as it does in China and Israel," said Slim, one of the richest men in the world, who said that "we must create an environment that stimulates" the development of new productive activities and new technologies. We have to be in our countries very familiar with what is happening and absorb technology and give private and public support to all these innovators."

by Agency

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