The Competitive Intelligence Unit (UIT), headed by Ernesto Piedras in Mexico, shared an analysis of the Mexican telecommunications market that continues to suffer from a lack of effective competition that affects consumers, both in terms of prices and quality, and which caused a harmful concentration of market with América Móvil as the protagonist. And is that the report details that the persistence of high barriers to competitors other than the Preponderant Economic Agent, which are manifested in unfavorable conditions to invest in the deployment of infrastructure, the arrival of competitive offers, and financial and operational viability. The CIU also explained that an additional obstacle for the development of competitors is a high cost of the radioelectric spectrum of up to 85% compared to the average of other countries, but that reaches up to 93% when it comes to 5G mobile services. And can this scenario really change? For The CIU, it is possible if various measures were applied effectively, and with a firm hand, to trigger full connectivity via effective competition, among which are investment obligations for the parent that allow the deployment of infrastructures in areas without coverage and promote the transition to next-generation networks; consider in the preponderance measurement should include the income component; and categorically deny the entry of América Móvil to the pay television market, due to the adverse effects of reconcentration and against effective competition.
Fly high
The international brokerage Credit Suisse surprised with the increase in the target price for Asur shares led by Adolfo Castro, going from 400 to 475 pesos, after updating its estimates, the incorporation of a better than estimated recovery and the recent results quarterly that exceeded market expectations, with traffic recovery and greater cost control that improved Ebitda margins, which approached pre-pandemic levels. He added that he maintained his recommendation of superior performance to the market because there is still a very repressed international demand, mainly in Cancun, and that in Colombia the trend of traffic recovery would continue.
Positive path
Grupo Posadas’ financial restructuring process is progressing favorably. And it is that in the plan that the administration of the largest hotel manager in the country designed, 100% of the bondholders accepted the terms of the agreement, an unavoidable requirement, to advance in the pre-agreed restructuring procedure before a Court from the United States, a process that is expected to be completed in approximately 60 days, while the operation of all hotels, and relationships with customers, suppliers and business partners will remain unchanged.
@robertoah
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