New Mexican President Peña Nieto has been making waves since entering office by tackling some of Mexico’s toughest issues. One of those issues is the telecommunications industry. President Nieto hopes to reshape the country’s phone and television service by increasing competition through foreign investment.

“If Congress approves this, [it] will drive down prices in the telephone market,” says Enrique Acevedo of Univision News in Miami. “[It] will bring long awaited programming choices to the Mexican audience who have always had only two choices when it comes to broadcast TV.”

The reforms may also improve broadband Internet access, which Acevedo says is long overdue.

“Broadband speed in the International Space Station is actually faster than in Mexico,” he notes.

Overall, Acevedo sees the telecommunication reforms as a sign of greater economic momentum in Mexico — a trend that could have a noticeable impact on the U.S. and the ongoing debate over immigration.