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

Tren Interoceánico

Interoceanic Train crash rattles investors in Mexico

After a deadly derailment, the Interoceanic Train crash is cooling corporate interest and raising questions...
Mexico housing prices

Mexico housing prices rise as World Cup pressure builds

Home prices jumped up to 10% in a year, and World Cup projects plus tourism...
San Miguel rural investment

San Miguel rural investment shifts to communities in 2026

Mayor Mauricio Trejo says San Miguel will steer up to 400M pesos and about 70%...
playa del carmen sargassum

Out-of-season sargassum patch dumped 25 tons in Playa del Carmen

An out-of-season sargassum patch dumped about 25 tons in Playa del Carmen, prompting a ZOFEMAT...