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 strengthens

Peso strengthens as Fed chair probe hits the dollar

The peso firmed near 17.9 per dollar as a criminal probe involving Fed Chair Jerome...
BCS rent regulation

Mexico City renting 2026 rules reshaping the market

Mexico City rentals in 2026 face inflation-capped hikes, one-month deposits, contract registration, and protections for...
Mexico earns Guinness record for largest embroidery show

Mexico earns Guinness record for largest embroidery show

Mexico set a Guinness World Records mark at Los Pinos with 3,106 embroidered and textile...
Drone warfare pushes Mexico cartel fight into skies

Drone warfare pushes Mexico cartel fight into skies

Cartels are turning cheap drones into scouts and bombers, pushing Mexico and the U.S. toward...