Saturday, June 18, 2011

Mexican Antitrust Authority Fines Telmex, Calls It Repeat Offender - WSJ.com

Mexican Antitrust Authority Fines Telmex, Calls It Repeat Offender - WSJ.com

MEXICO CITY (Dow Jones)--Mexico's antitrust commission said Wednesday it has fined fixed-line phone operator Telefonos de Mexico (TMX), or Telmex, marking yet another regulatory jab at billionaire Carlos Slim's communications empire.

The Federal Competition Commission, or CFC, said it has fined Telmex 91.5 million pesos ($7.9 million) after determining that the carrier denied interconnection services to an affiliate of Spain's Telefonica (TEF).

Telmex is a former government monopoly that controls around 80% of Mexico's fixed phone lines.

The fine comes on the heels of the Mexican Communications and Transport Ministry's denial last week of authorization for Telmex to offer television alongside its phone and Internet service.

Additionally, the CFC recently fined Telmex's parent company, mobile operator America Movil (AMX), $1 billion for anticompetitive practices involving mobile termination rates. And Mexico's Supreme Court ruled that America Movil must accept lower interconnection rates set by the country's telecommunications regulator.

No comments:

Post a Comment