Thursday, May 5, 2011

Monopolies in Mexico

Compete—or else

At last, a crackdown

But last month the Federal Competition Commission hit the country’s biggest whale with a fine of 11.99 billion pesos ($1 billion), the heaviest penalty ever. It claimed that Telcel, which has 70% of Mexico’s mobile-phone market and is controlled by Carlos Slim, the world’s richest man, had abused its dominant position by charging competing networks sky-high connection fees. Telcel, whose connection charges are 44% higher than the average in the mainly rich countries that are members of the OECD, will appeal.

Read the rest here

No comments:

Post a Comment