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Mexican trust busters suspend fine against Slim

Thursday, April 4, 2013


Mexico's competition watchdog said it would temporarily suspend a $53 million fine it had levied against a fixed-line phone company controlled by billionaire Carlos Slim.

The Federal Competition Commission ordered in February that Telmex, part of Slim's telecoms company América Móvil should pay $53.4 million after regulators found it had denied rival Axtel access to some of its network.

The commission said that an appeal had been filed and that the fine would be suspended during a review by the regulators.


Source: Reuters