BUENOS AIRES — Argentina plans to improve competition in the TV sector by cutting in half the number of licenses firms can hold from the present 24.
The changes may force the country’s big three entertainment companies — Grupo Clarin, Grupo Uno and Spain’s Telefonica — to sell off TV assets.
This month pols will seek congressional approval of the broadcasting reform.
If approved, the bill will “break up the monopolized concentration” in the industry to “guarantee a plurality of voices,” Gabriel Mariotto, head of federal broadcasting regulator Comfer, told senators in La Plata, Buenos Aires province.
It will also change the definition of broadcasting to service from business.
The bill, which is based on U.S. legislation, restricts how many licenses can be owned by any holder in any geographic area.
The broadcasting spectrum will be divided equally between non-governmental organizations, the state and private sector.