The aforementioned Constitutional reform and the publication of a new law for regulating broadcasting and telecommunications in Mexico included the creation of the Instituto Federal de Telecomunicaciones (Federal Telecommunications Institute), which became the regulatory authority for these sectors. The institute is autonomous, which means that it has its own budget and that it can regulate these sectors without the interference of the executive branch. The primary objective of this institution is to supervise and regulate the broadcasting and telecommunication uses and services. Moreover, it has the goal of encouraging a fair competition among the companies that provide these services. An important note is that this institution does not regulate content, discourses or speeches in the digital sphere. In five years, the institute organised the transition from an anagogical television system to a digital one, the bidding of one national television network and of 32 regional channels, as well as the bidding of 145 new radio stations.