El Salvador fines all four phone companies in the country for colluding on charges

The government of El Salvador for the first time fined the country's four telephone companies for having agreed among themselves to set charges in breach of regulations that impose fair competition.

The companies, which has each been fined by $1 million, are Telemóvil El Salvador, with its Tigo brand; Telefónica Móviles El Salvador, the Movistar brand of Spain's Telefónica; Digicel, currently controlled by Mexico's América Móvil; and Intefón, a Salvadoran company whose brand is Red.

The competition authorities say that the four companies agreed to set the same rates for calls from fixed phones to mobiles.

Original source (in Spanish): Reuters