US EditionThe IFT Applies a Fine of 1,782.6 Mdp to Telcel
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5 Articles
The telecommunications giant América Móvil reported yesterday that the regulator of the sector applied a fine of 1,782,6 million pesos to its subsidiary Telcel, for alleged practices against free competition.
The fine of 1.782.6 million pesos to Telcel is the last chapter of the history of confrontation between the Federal Institute of Telecommunications (IFT) and the giant of the sector, América Móvil. The economic sanction is the largest of those imposed on the company since its matrix was declared dominant economic agent in 2014. However, in financial terms, the impact is practically zero. The fine represents only 2% of the cash position of its pa…
For granting incentives and benefits to Oxxo and IMMEX, as well as an indirect distribution channel, with the condition that they do not market SIM cards of economic agents that affect Telcel, at national level, the IFT imposed fines on these economic agents. “The conduct attributed to Telcel consisted in the granting of incentives and benefits to Oxxo and IMMEX, as well as an indirect distribution channel, with the condition that they do not ma…
The telecommunications giant América Móvil reported on Tuesday that the regulator of the sector fined a thousand 782,6 million pesos to its subsidiary Telcel, for alleged practices against free competition. América Móvil “categorically” rejected the sanction imposed by the Federal Telecommunications Institute (IFT) and the catalog of “arbitrary and disproportionate”, according to a statement from the company sent to the Mexican Stock Exchange of…
Mexico City, Mexico The Mexican regulator Instituto Federal de Telecomunicaciones (IFT) imposed a fine of 1,782.6 million pesos (about 89.1 million dollars) on Telcel for engaging in related monopolistic practices in the marketing of SIM cards in retail chains nationwide. The regulatory authority determined that Telcel conditioned, between January 2021 and January 2024, the chains Oxxo and Impulsora de Mercados de México (IMMEX), in order not to…
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