Mexico: Agency confirms $1 billion fine for Slim’s company

posted by
April 24, 2011
Huntington Herald-Dispatch    
Posted in News

"Mexico's antitrust agency confirmed Sunday that it levied a $1 billion (12 billion peso) fine against the Mexican cellphone subsidiary of tycoon Carlos Slim and ordered it to stop unfair practices. The Federal Competition Commission said it found that Slim's Telcel business engages in 'relative monopolistic practices' by overcharging competitors to connect calls to Telcel users." (04/24/11)

 

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