Telmex hit with $52 mn antitrust fine for monopolistic practices

Mexico’s competition regulator says Carlos Slim’s Telmex refused to give Axtel access to landlines in 32 towns from August 2009 to June 2011
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First Published: Fri, Feb 08 2013. 02 01 PM IST
A file photo of Mexican billionaire tycoon Carlos Slim in New York. Considered the world’s richest man, Slim dominates the telecom market in Mexico. Telmex, a former state monopoly privatized in 1990, holds around 80% of the fixed-line market. Photo: AFP
A file photo of Mexican billionaire tycoon Carlos Slim in New York. Considered the world’s richest man, Slim dominates the telecom market in Mexico. Telmex, a former state monopoly privatized in 1990, holds around 80% of the fixed-line market. Photo: AFP
Updated: Fri, Feb 08 2013. 02 46 PM IST
Mexico City: Mexico’s competition regulator slapped a $52 million fine Thursday on billionaire tycoon Carlos Slim’s Telmex telecommunications company for monopolistic practices.
The Federal Competition Commission said Telmex refused to give rival firm Axtel access to landlines in 32 towns from August 2009 to June 2011, blocking Axtel from providing local and long-distance services.
“For this reason, the CFC found that the refusal constitutes a monopolistic practice,” the agency said in a statement.
Slim, considered the world’s richest man, dominates the telecom market in Mexico. Telmex, a former state monopoly privatized in 1990, holds around 80% of the fixed-line market.
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First Published: Fri, Feb 08 2013. 02 01 PM IST
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