Published May 21, 2015
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.
https://www.foxnews.com/world/bid-winner-for-1-of-2-new-mexican-television-channels-does-not-make-payment-for-concession