Mexico’s spectrum regulating agency has selected HD Radio Technology as a digital radio standard for the AM and FM bands in Mexico. The decision will make the In Band On Channel (IBOC) system official on June 16. Mexico President Felipe Calderon says “I want to invite you to invest in your radio stations, and to take advantage of these new conditions that have just been created, to bring to our country the very latest technology that will allow you to offer much better radio to all Mexicans.” The decision by Mexico's COFETEL to accept HD Radio Technology as a digital standard for Mexico allows for the voluntary use of the iBiquity technology in both hybrid mode (broadcasting the main signal in analog and on the HD-1 channel) and multicasting technology (using HD-2, HD-3, etc.).