CFC, the Mexican antitrust body, will review a fine of MXN 91.5m (US$7.3m) it imposed on fixed line operator Telmex in June.
The company, which is currently subject to a US$6.5bn buyout offer by Carlos Slim’s America Movil, was fined for denying its…
CFC, the Mexican antitrust body, will review a fine of MXN 91.5m (US$7.3m) it imposed on fixed line operator Telmex in June.
The company, which is currently subject to a US$6.5bn buyout offer by Carlos Slim’s America Movil, was fined for denying its competitor GTM to interconnect with the Telmex network for seven months in 2007/8. GTM is a subsidiary of Spanish incumbent Telefonica.
The regulator said at the time that Telmex was a repeat offender of monopolistic practices of that type.
However, according to a spokesperson for CFC the fine was now suspended after an appeal by Telmex. The regulator will decide within 60 working days on the appeal, the spokesperson said.
