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General

America Movil handed MXN 96.8 mln antitrust fine

Thursday 19 April 2018 | 11:50 CET | News
Mexican telecommunications regulator IFT has fined America Movil and its mobile subsidiary Telcel a total of MXN 96.8 million pesos (around USD 5.4 million) for breaching competition rules as a result of an exclusivity contract signed with local firm Blue Label Mexico. Specifically, the IFT said its board unanimously decided to fine America Movil and Telcel for "reaching exclusivity agreements with Blue Label Mexico that prevented the company from marketing or providing airtime for Telcel's competitors in the mobile telephone service".

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Categories: General
Companies: America Movil / IFT / Telcel
Countries: Mexico
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