Telecommunications giant Carlos Slim's company penalized for engaging in unlawful monopolistic activities
The Federal Telecommunications Institute (IFT) has imposed a significant fine of 1.783 billion pesos on Carlos Slim's telecommunications company, América Móvil (AMX), for alleged monopolistic practices. The resolution, announced by the Institute, follows an investigation into these practices that was initiated in 2021[1].
The specific details of the monopolistic practices have not been fully disclosed. However, such fines typically stem from conduct that restricts competition, such as abuse of dominant market position, predatory pricing, or unfair contract terms limiting competitors' access or growth.
América Móvil, controlled by Carlos Slim, has historically been under scrutiny for its dominant role in Mexico’s telecommunications infrastructure. The IFT's regulatory actions are aimed at fostering competition and preventing abuse of market power.
The investigation focused on alleged practices related to the distribution and sale of SIM cards in various convenience stores. The resolution states that the company granted incentives and benefits to Oxxo and IMMEX, raising concerns about an indirect distribution channel that is conditional on not selling SIM cards of certain economic agents nationwide.
The fine was announced by the source OEM, and the article can be shared on various platforms, including Facebook, LinkedIn, Reddit, Tumblr, Pinterest, Telegram, Pocket, Print, and WhatsApp.
If you require more detailed allegations or the exact practices cited by the IFT, such information might be available in official IFT publications or specific news coverage that discusses the charges and the regulatory resolution in depth.
[1] Source: OEM (Official announcement)
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