Telcel Fights Mexican Antitrust Watchdog's $1B Fine

Law360, New York (April 26, 2011, 6:39 PM EDT) -- Telecommunications giant America Movil SAB de CV's wireless unit Telcel said Tuesday it would challenge a fine of nearly 12 billion pesos ($1 billion) levied by Mexico's antitrust enforcer for alleged monopolistic practices in the market for call terminations.

Radiomovil Dipsa SA de CV, which operates as Telcel, said in a statement it would ask the Federal Competition Commission, or CFC, to reconsider its decision to hit the country's largest cellphone carrier with the 11.99 billion peso penalty.

“Telcel considers that [the CFC] resolution is arbitrary,...
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