America Movil fined USD 1 bln for monopoly practices

Saturday 16 April 2011 | 10:50 CET | News
America Movil announced it has been ordered to pay a MXN 11.99 billion (approximately USD 1 billion) fine by Mexican competition watchdog Federal Competition Commission (CFC) for alleged monopoly practices. The fine follows a four-year investigation carried out by the CFC into Telcel, America Movil's mobile brand in Mexico. According to a filing with the Mexican stock exchange, the fine is related to a probe begun in November 2006 over alleged monopoly practices associated with mobile call termination on the Telcel network. "America Movil and its subsidiary Telcel are analyzing the decision,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: America Movil / Telcel
Countries: Mexico
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Mexican watchdog sues Telmex over illegal charges

Published 01 Apr 2013 07:53 CET | Mexico
Mexico's consumer protection agency Profeco has filed a lawsuit against fixed-line operator Telmex for making illegal charges. ...

Telcel offers smartphones for Latino students in San Diego

Published 26 Mar 2013 11:51 CET | United States
Telcel America, a US-based prepay mobile service, has partnered with San Diego Community Housing Corporation (SDCHC) in a ...

Watchdog revokes USD 1 bln fine against Telcel

Published 03 May 2012 19:47 CET | Mexico
Mexican mobile operator Telcel has been notified of a resolution issued by the Mexican antitrust agency Cofeco that revokes the ...

Canitec urges competition watchdog to ratify Telcel fine

Published 26 Apr 2012 09:57 CET | Mexico
Mexican cable TV operators' association Canitec has urged Mexico's competition watchdog CFC to ratify the decision to impose a ...

Mexico court decision to help America Movil avoid USD 1 bln

Published 13 Dec 2011 11:21 CET | Mexico
Mexico's Supreme Court has dismissed a motion by the head of Mexico's anti-trust watchdog Eduardo Perez Motta to let him ...

America Movil fine reversal not a fait accompli after all

Published 18 Jul 2011 11:33 CET | Mexico
America Movil does not have a guaranteed victory in its bid to overturn a USD 1 billion fine for anticompetitive practices after ...

America Movil scores victory in battle to overturn fine

Published 29 Jun 2011 09:53 CET | Mexico
America Movil said it scored a legal victory in its attempt to overturn a record USD 1 billion fine as Mexico's antitrust chief ...

America Movil USD 1 bln fine on hold

Published 09 Jun 2011 11:10 CET | Mexico
The USD 1 billion fine against America Movil's Telcel unit has been put on hold while Mexico's competition watchdog considers an ...

America Movil faces restrictions in Mexico – regulator

Published 04 Jun 2011 08:02 CET | Mexico
Mexico's Federal Telecommunications Commission plans to apply restrictions to America Movil's fixed-line unit in the market for ...

CFC investigates monopolistic practices on fixed market

Published 02 Jun 2011 12:02 CET | Mexico
Mexico's antitrust regulator CFC has launched another investigation into monopolistic practices on the local¬ fixed telephony, ...

Telmex fined again for refusing interconnection

Published 02 Jun 2011 07:02 CET | Mexico
Mexico's antitrust regulator CFC has imposed a fine of MXN 91.5 million (approximately USD 7.8 million) on Mexican fixed-line ...

America Movil to cut investments after regulator decisions

Published 18 May 2011 09:40 CET | Mexico
America Movil is reviewing its Mexico network-spending plan and may reprioritize some projects based on regulatory decisions that ...

Telcel to no longer use court injunctions to ignore regulator rulings

Published 04 May 2011 10:28 CET | Mexico
Mexico's Supreme Court ruled that mobile operator Telcel cannot block competitors by using court injunctions to ignore the ...

America Movil mulls 4G services launch in 2012

Published 04 May 2011 06:29 CET | Brazil
America Movil mulls a bigger share of the Brazilian market to power growth, though the cost of winning new subscribers may ...

America Movil appoints board members

Published 02 May 2011 07:31 CET | Latin America
America Movil has elected the members of its board of directors. America Movil's board now includes Patrick Slim Domit ...

Telcel says CFC USD 1 bln fine is illegal

Published 27 Apr 2011 18:51 CET | Mexico
America Movil's Mexican mobile unit Telcel considers the fine imposed by competition watchdog CFC as illegal, arbitrary, ...

Mexican competition watchdog explains Telcel fine

Published 27 Apr 2011 18:28 CET | Mexico
Mexican competition watchdog Federal Competition Commission (CFC)has confirmed that it has fined America Movil's mobile unit ...

America Movil to secure USD 4 bln loan – report

Published 26 Apr 2011 07:52 CET | Latin America
America Movil is close to completing the acquisition of a credit line of USD 4 billion, Reuters/IFR reports. The funding includes ...

America Movil to appeal USD 1 bln fine

Published 19 Apr 2011 13:59 CET | Mexico
America Movil is preparing to appeal the record USD 1 billion fine it recently received in Mexico. America Movil has been ordered ...

MVS consortium to invest USD 1 bln in Mexico 4G network

Published 07 Apr 2011 08:58 CET | Mexico
Mexican operator MVS Comunicaciones has set up a consortium with Intel, Clearwire, and Alestra, the company which offers AT&T ...

Televisa rejects Telcel's collusion accusations

Published 25 Mar 2011 06:36 CET | Mexico
Mexican media group Televisa has rejected charges by America Movil's subsidiary Telcel, that it and other broadcast and cable ...

Cofetel sets Telcel-Alestra interconnection fees

Published 17 Mar 2011 15:56 CET | Mexico
Mexican telecoms regulator Cofetel has settled a dispute on interconnection fees between America Movil's mobile unit Telcel, and ...

US operators criticize Mexican regulator's lack of authority

Published 04 Feb 2011 06:32 CET | Mexico
Telecommunications companies in the US, represented by Comptel, have expressed their concern about the independence of Mexico's ...

Slim to invest MXN 20 bln in telecoms ops in 2011

Published 01 Feb 2011 08:31 CET | Brazil
Mexican billionaire Carlos Slim plans to invest around MXN 10 billion in his mobile unit America Movil this year. Slim will also ...

CFC to investigate mobile call termination market

Published 16 Nov 2010 13:37 CET | Mexico
Mexican competition authority CFC will launch an investigation to determine if there are unfair practices in mobile termination ...