Monday, April 18, 2011

Mexico - América Móvil fined 12Bn pesos for monopolistic practices on call termination

[ft] América Móvil, the pan-American telephone operator controlled by billionaire Carlos Slim, confirmed at the weekend that its Mexican subsidiary has been fined $1bn for “monopolistic practices”.

The 12bn peso fine, relating to the area of completing calls to mobile networks, is the largest ever handed out by Mexico’s Federal Competition Commission (CFC), the antitrust body. It was the result of a four-year investigation into Telcel, América Móvil’s Mexican mobile phone operator.

América Móvil’s Mexican arm fined $1bn

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