Mexico telecoms regulator looking at options after voided TV license

Reuters

Fri, Apr 10, 2015, 8:01 PM

MEXICO CITY, April 10 (Reuters) - Mexico's telecoms regulator said on Friday that it will analyze its next step after media group Grupo Radio Centro failed to pay a sum to secure one of two new TV networks recently auctioned under a telecommunications reform.

Grupo Radio Centro earlier on Friday said it did not pay the 3.1 billion pesos ($204 million) it had offered for the new network and that it would cover a 415 million peso deposit required to bid for the network.

A spokeswomen for the telecoms regulator said this week the watchdog is likely to call for another auction.

(Reporting by Michael O'Boyle and Gabriel Stargardter)

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