MEXICO CITY – Mexico's Federal Telecommunications Institute has announced that one of two companies to which it awarded a new television channel last month has not followed through with a required payment.
The agency said late Friday that Radio Centro had decided not to make the payment for the 20-year concession. Radio Centro originally bid $208.4 million.
The awarding of the two new licenses was supposed to be a step toward breaking up the long-running dominance of two television networks in Mexico.
The telecommunications agency says it will consider what steps to take next.