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Mexico sues billionaire Carlos Slim's Telmex

Wednesday, April 3, 2013


In an unusual legal action against the world's richest man, Mexico is suing the telecommunications giant Telmex for charging allegedly illegal fees that were tacked on to what are already some of the highest phone rates among developed countries.

The lawsuit, filed in civil court by the federal consumer protection agency, aims to end a set of fees and, in what may be a first in this country, recover money for millions of telephone users.

Telmex provides about 80 percent of fixed telephone lines in Mexico. It is owned by tycoon Carlos Slim, listed for the last few years by Forbes magazine as the wealthiest person in the world, with an empire estimated at $73 billion.

Source: Los Angeles Times