Mexico Suspends $53M Telmex Antitrust Fine

Law360, New York (April 4, 2013, 1:23 PM EDT) -- Mexico's competition authority will temporarily lift a 657 million peso ($53.4 million) fine against America Movil SAB de CV unit Telmex over the phone company's alleged refusal to allow a rival access to its network, the regulator said Wednesday.

Mexico's Federal Competition Commission, or the CFC, said that an appeal had been lodged and that the fine against Telmex would be suspended pending further review by the regulator. Telmex is a subsidiary of America Movil, a company controlled by Mexican billionaire Carlos Slim that is a...
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