Business News Americas | January 13, 2011
Mexico’s supreme court has delayed the application of mobile termination rates (MTRs) determined by telecoms regulator Cofetel, according to a BBVA Research report.
Mexican telecoms operators will not be able to immediately apply the MTR of 0.42 pesos (US$0.035) for 60 seconds without rounding, as determined through a Cofetel ruling. The supreme court ruled that operators will have to maintain 2010 MTRs until courts have analyzed Cofetel’s cost model and a decision is reached on the ruling, which operators such as Telefonica (NYSE:TEF) have challenged.
The supreme court has ordered ruling opponents America Movil (NYSE:AMX) and Telefonica to make a security deposit in the event that the court rules in favor of Cofetel’s rate.
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