As discussed in prior memoranda, constitutional amendments enacted to simplify the organization of government in December 2024 required to draft, amongst others, the legislation in matters of competition and telecommunications. The constitutional amendment in those matters (contained in article 28 of the Mexican Constitution) will enter into force once the respective pending legislation takes effect. Once it does, the dissolution of the Federal Competition Commission (“COFECE”) and the Federal Telecommunications Institute (“IFT”) will effectively take place, while their functions will be taken in by the new entities set forth in the new legislation.
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