Tech, Data, Telecoms & Media, Mexico Introduction In 2014 the previous administration announced its commitment to creating a national cybersecurity strategy. This strategy formed part of the National Development Plan 2013-2018, which also provided for the national digital strategy – an initiative aimed at fostering digitisation in Mexico through: a digital government; open data; digital inclusion; enhanced digital skills; and IT-based health, educational and financial services.
While used by organized crime, cryptocurrencies are also becoming accepted as a legitimate payment method by mainstream sectors of the economy in Latin America. Currently, some stores, start-ups, restaurants, hotels, and other online businesses are accepting Bitcoin and other cryptocurrencies as a valid payment method. Online exchange platforms are emerging rapidly and even ATMs have been installed to carry out transactions using digital currencies. Argentina, Brazil, Mexico and Venezuela are countries where the adoption of cryptocurrencies is rising rapidly. Businesses and individuals have found that Bitcoin can be more stable
On May 31, 2016, the Mexican Civil Aviation Authority (DGAC) issued a new mandatory circular CO AV-23/10 R3 (the Circular) applicable to all Remotely Piloted Aircraft Systems (RPAS). The Circular updates and replaces the prior version published in 2015, considering the new international practices in the sector [in bracket we will highlight the main changes]. The Circular is applicable to: 1.- All individuals and entities that intend to operate or currently operate RPAS; 2.- All manufacturers, importers and distributors of RPAS [new], and 3.- All RPAS operating in Mexico,
As in the U.S. and other European countries, the Mexican telecommunications and broadcasting market has been very active in M&A deals. Just over two years ago, a major constitutional reform in telecommunications entered into force and the new law is reaching its first anniversary. This new regulatory framework has lifted many entry barriers, including removing the 49% restriction of foreign investment in telecoms services, and granted more certainty to large and small local and international companies to invest in Mexico. Click here for our recent update on Mexico TMT deals,
The new President of Mexico Peña Nieto started work on 1 December 2012. The following day, the three main political parties executed the so-called “Pact for Mexico”, which contained several commitments including the reform of the telecommunications and broadcasting sectors. On 11 June 2013, an historic constitutional reform in telecommunications and broadcasting was published after a fast-track process of just three months. The main purpose of the reform was to enhance competition in the telecommunications and broadcasting markets and to provide for the publication of a new convergent law on
The Mexican constitutional reform in telecommunications published last year acknowledged Internet access as a human right. The recent Federal Telecommunications and Broadcasting Law (the “Law”) has introduced many new concepts, such as net neutrality, which was previously unregulated in Mexico. For more information about the constitutional reform and the Law, please refer to the previous article in this issue. Despite its existence and application years before, net neutrality regulation has recently become a hot topic worldwide and international regulators have adopted different positions. For example, the European Parliament recently tabled
As part of the constitutional reform in telecommunications matters published on 11 June 2013 (the Constitutional Reform), the new Federal Telecommunications and Broadcasting Law (the Law) was finally published on 14 July, and went into effect this past 13 August. The new Law establishes a new regulatory framework in the telecommunications and broadcasting sector in Mexico, which contains the principles based on the Constitutional Reform, whose principal objectives are: the creation of more rights, the promotion of competition, and the provision of better services at lower prices. Additionally, along with
On 10 June 2013, after a fast-track approval, the decree to reform the Mexican Constitution (the “Reform”), mainly in telecommunications matters, was enacted by President Enrique Peña Nieto. The Reform recognized as human rights the access to: (i) information and communications technology, and (ii) broadcasting and telecommunications services, including broadband and the Internet. Following the Reform, the Federal Telecommunications and Broadcasting Law (the “Law”) was published on 14 July and will enter into effect on 13 August 2014. The Reform creates the Federal Institute of Telecommunications (“IFT”), a new regulatory