Puerto Vallarta News

Puerto Vallarta News

Carlos Slim Fined $3.7 Million Dollars for Monopolistic Practices

Mexico's telecommunications regulator said on Tuesday it had fined America Movil's fixed-line unit, Telmex, 49.3 million pesos ($3.67 million) for monopolistic behavior to try to displace competitor Axtel.

The Federal Telecommunications Institute (IFT), the regulator created under a new law last year, said Telmex ignored requests from Axtel to interconnect with its network and did not provide information about its infrastructure when asked.

Telmex also played recorded messages on long-distance calls made by Axtel customers using Telmex's network saying that their service could be cut off, a strategy designed to reduce demand for . . .

Read Full Story

Related Posts

Mexican peso exchange rate

Peso strengthens after softer-than-expected US private jobs data

The peso edged stronger as ADP hiring missed forecasts, nudging the dollar lower. Traders now...
puerto vallarta plan

Puerto Vallarta holiday boom draws 315,000 visitors

Puerto Vallarta drew 315,000+ holiday visitors, generating 2.241B pesos and 87% average hotel occupancy, outpacing...
Three Kings parade

Three Kings parade brings San Miguel streets to life

San Miguel’s Cabalgata de Reyes Magos set off at 4:30 pm from El Cardo, ending...
San Miguel hair donations

San Miguel hair donations give cancer patients new wigs

San Miguel residents are cutting and donating hair to make wigs for women and girls...