Mexico Slaps Telmex With $7.8M Antitrust Penalty

Law360, New York (June 1, 2011, 8:11 PM EDT) -- Mexico's competition authority said Wednesday it had fined Telmex, the Mexican telecommunications company owned by billionaire Carlos Slim, 91.5 million pesos ($7.8 million) for allegedly blocking a competitor from interconnecting to its phone lines.

The Federal Competition Commission, or CFC, said it had imposed the penalty on the former state telephone company for denying Spanish company Telefonica SA's request to interconnect for a period of seven months during 2007 and 2008.

The decision is part of a recent agency crackdown on phone companies, and comes just...
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