IFT approves the statutes of spin-off companies of Telmex

The Plenary of the Federal Institute of Telecommunications (IFT) approved the constitutive social statutes of wholesale companies that will arise from the separation Telmex and Telnor the Functional Separation Plan ordered last February by the regulatory authority.

The Laws Establish the Exclusive Supply of Wholesale Telecommunications Services as the Purpose of the New Companies That is, they do not provide service to the end user, but only to the operators. and the functioning of its decision-making, governance and corporate governance bodies during the transition period.

Through a press release, the Institute explains that with this approval, the incorporation of the three companies will be possible: Telmex Wholesale Companies (UMT) and Telnor (UMNOR), as well as than that of its holding company (SUM).

"The statutes approved by the Plenary state that the Chief Economic Officer (PEA) has the possibility of appointing a sole director or a temporary board of directors to comply with the second stage of the schedule. , corresponding to the constitution of UMT, UMNOR and SUM, and that it will operate up to December 31, 2018, the deadline for the formation of the UMT Independent Board of Directors and , if any, UMNOR, "IFT said in a press release.

Functional separation was ordered by the FTI following the biannual review of the effectiveness of asymmetric regulation imposed on the EAF in the telecommunications sector in March 2014.

In this revision, the regulatory authority decided to functionally separate the company having the most covered local area network on the national territory as an additional measure to ensure that the operators have effective access to the same terms and conditions; that is to say access to the infrastructure under equal conditions.

IFT states that this measure, which should be completed by the end of the first quarter of 2020 at the latest, is in line with international best practices implemented in countries such as the United Kingdom, New Zealand and Australia, where it has increased access to the network of the incumbent operator by competitors and, with it, the penetration of fixed broadband service.