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Spain’s Telefónica says it will defend Costa Rica mobile rates. América Móvil claims they are artifically low

Thursday, September 1, 2011


Telefónica, the Spanish mobile phone company, said that it will defend the rate it plans to charge customers in Costa Rica despite a challenge from rival América Móvil that the rates are artificially low.
 
America Movil, controlled by Mexican telecom tycoon Carlos Slim, claimed earlier this month that Telefónica would charge customers below-cost fees to use its network in violation of terms it set with Costa Rica's state-run phone company.
 
Costa Rica last year ended a four-decade-old telecommunications monopoly in a move that allowed it to enter the Central American Free Trade Agreement with the United States.
 
Original source: Reuters