Mexico’s would-be bidders for a pair of free-to-air digital TV licences are down to just two finalists. Initially there were 12 interested parties.
Mexico’s Federal Telecommunications Institute (IFT) regulator is offering two channels with a technical reach of more than 90 per cent of Mexico’s population, and set a floor bidding price of $56.1 million.
The two finalists, Cadena Tres and Grupo Radio Centro, must submit their final bids by March 11th, and a decision will be made and published on March 19th. Local press reports say the government might still declare the auction void, or they could award the two licences to one applicant.