A PYMNTS Company

America Movil’s $1 billion fine overturned

By  |  May 3, 2012

 

The Mexican antitrust regulator, Comision Federal de Competencia (Cofeco), voted on April 30 to overturn America Movil’s $1 billion fine. Cofeco had fined the company for monopolistic practices last year. Bloomberg reports that reversing the fine means that the regulator will get to scrutinize America Movil more closely. The company did not indicate in its statement if its concessions have been accepted. More information on the vote will be available later.

Full content: Bloomberg Businessweek

 

Related content: Competition Law Reform in Mexico: A Note on Joint Dominance (Victor Pavon-Villamayor, Federal Communications Commission)

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.