Telcel facing MXN12 billion fine related to mobile termination

18 Apr 2011

Telcel, the Mexican wireless unit of Latin American telecoms giant America Movil (AM), has been fined MXN12 billion (USD1.03 billion) for anticompetitive practices by the local antitrust watchdog, Bloomberg reports. The Federal Competition Commission (Cofeco) has levied the penalty on the back of an investigation related to the completion of calls to mobile networks which it first launched back in November 2006. AM has said that in the wake of the proposed fine it is ‘analysing the legal reach, basis and motivation of this resolution with the purpose of imposing all and every one of the defence measures at its disposal.’ The company has 30 days to lodge an appeal against the ruling, following which it could take a further 60 days for Cofeco to make a final decision.