JavaScript is off. Please enable to view full site.

Mexico regulator fines America Movil $5.4 million in antitrust case

Thursday, April 19, 2018, 10:23 GMT+7

MEXICO CITY -- Mexico’s telecom regulator IFT said on Wednesday that it has fined billionaire Carlos Slim’s flagship company America Movil and its mobile service unit Telcel 96.8 million pesos ($5.4 million) in an antitrust case.

The IFT said it fined America Movil and Telcel for having “exclusivity agreements with Blue Label Mexico, which prevented the company from marketing or providing” services for Telcel’s competitors in the mobile telephone service.

Blue Label provides technical and banking support to retail businesses in Mexico, according to the company’s LinkedIn page.

“We have already received the notification from the IFT. We are analyzing the document and in due time we will present the challenge in accordance with law,” an America Movil spokesman said.

Blue Label did not immediately respond to a request for comment.

Reuters

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news