Weekly Summary

Mexico’s reform programme is bringing adjustments and challenges to both new entrants and incumbents. This week saw examples of both: Virgin Mobile Mexico launched at long last but regulator IFT was immediately asked to review whether Virgin had met all its license conditions; and PEMEX took the cash from the sale of its long investment in Spain’s REPSOL to divert it to the liberalising energy market at home. South Korean Kia seemed to be preparing a new small car plant for Mexico, while US firm Level 3 Communications agreed to supply TV Azteca with feeds from the World Cup.

While business hummed, the former colonial power lost a figurehead in the abdication of King Juan Carlos. After Hours took a look at Mexican reaction to his stepping down. As the World Cup tournament will be underway by our next publication, Hot Tamales considered what we’d eat while watching the matches and suggested that tortillas would do the trick.

Hasta la próxima!

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