May 4, 2012

Mexico Antitrust Agency Drops Telcel’s $925 Million Fine " Mexico’s antitrust commission said on Thursday that it was dropping a fine of nearly $1 billion against the local unit of the wireless carrier América Móvil in return for a promise by the company to change its pricing practices.

The deal requires the company, Telcel, which controls about 70 percent of Mexico’s wireless market, to stop giving its customers discounted rates for calls to other Telcel users, a policy that competitors say has made it hard to compete.

Telcel also agreed to accept lower interconnection fees for calls placed into its network by mobile users from other companies. Mexico’s telecommunications regulator lowered the fees last year, but Telcel has been fighting them in court. The company said it would drop its lawsuits and accept the fees through 2014. read more

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