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Colombia: Carlos Slim unit slapped with record fine

 |  September 6, 2013

Colombia’s antitrust watchdog, the Superintendency of Industry and Commerce, slapped a record-setting $45.2 million fine on Claro, the Colombian unit of Carlos Slim-owned America Movil.

The fine represents a record penalty ordered by local regulators.

Reports say the company was fined for abuse of dominance. A probe into the company by the SIC found Claro to have blocked certain mobile phone frequencies.

Reports say Claro will appeal the fine.

Full Content: Telecompaper

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