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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.