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Mexican regulators fine Slim's Telmex $52 million

Friday, February 8, 2013

Mexican regulators have fined billionaire Carlos Slim's Telmex company $52 million for blocking a competitor.

Mexico's anti-monopoly commission said Thursday that Telmex refused to connect local and domestic land-line calls to Mexican competitor Axtel for 10 months in 2009 and 2011.

This is the third time the commission has fined Telmex for the same type of violation.

Source: Associated Press