Mexico probes Slim companies – Telefonica collusion charges

Tuesday 21 February 2012 | 11:33 CET | News
A court has ordered Mexico's competition watchdog to investigate claims of collusion between businesses controlled by Carlos Slim and Telefonica, according to a court document seen by Reuters. The federal court has asked the Federal Competition Commission (Cofeco) to determine whether there was anything improper in Isidro Faine, a vice-chairman on the Telefonica board, also sitting on the board of Slim's financial group Inbursa. "(It) could possibly mean that the said companies find it easier to make deals ... that reduce competition," the court said. Slim's fixed-line unit Telmex controls

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Categories: General
Companies: Telcel / Telefonica- Movistar / Telmex
Countries: Mexico
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