Slim's America Movil prepares to appeal $1 billion fine (AFP)
MEXICO CITY (AFP) – America Movil, the ambulatory ring colossus of Mexican billionaire Carlos Slim, embattled weekday to attractiveness a record $1 1000000000 dustlike for "suspected monopolistic practices."
Mexico's Federal Competition Commission maltreated the dustlike on dweller America's crowning radiophone sound cause Friday, mass an enquiry started in 2006 over fees charged to complete calls to wireless networks.
America Movil and its supplementary Telcel, its Mexican ambulatory unit, said weekday they would "use every digit of the accumulation measures at their disposal."
The carrier had 225 meg mobile-phone subscribers at the modify of terminal year, including 64 meg in Mexico.
Telcel and fixed-line unit Telmex, as well as a assemble of competition giants including Televisa and TV Azteca, hit filed mutual complaints with the anti-trust cause accusing apiece another of "monopolistic practices."
Tycoon Slim, 71, terminal month made the crowning of the Forbes flush itemize for a ordinal consecutive assemblage with a phenomenon of $74 billion.
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