Secondary laws for Mexico telecoms overhaul to be delayed: lawmakers

[World News Headlines -]

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By Dave Graham MEXICO CITY (Reuters) - Legislation to implement a major overhaul of Mexico's telecommunications industry will not be approved until early next year, pushing back a deadline set for December, two senior lawmakers said on Saturday. The secondary laws set out the fine print for a telecoms reform promulgated in June by President Enrique Pena Nieto which gives regulators sweeping powers to rein in billionaire Carlos Slim's telecoms giant America Movil and dominant broadcaster Televisa. The bill raised hopes Pena Nieto was serious about breaking the hold a select few have on much of the economy, but a pile-up of pending bills in Congress has made the December 9 deadline for the secondary telecoms legislation increasingly unlikely. Federico Gonzalez Luna, a congressman who heads the radio and television committee in the lower house, told Reuters that to ensure the secondary laws were properly drawn up, they would now have to wait until 2014.

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