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Mexico hits Carlos Slim's phone firm with lawsuit

Mexico's consumer protection agency has filed a class-action lawsuit against the Telmex phone company of billionaire tycoon Carlos Slim for charging its customers for services that should be free. The Federal Prosecutor's Office for the Consumer (Profeco) said in a statement that Telmex, which dominates the country's fixed-line market, was unduly charging people for a privacy service, a phone directory and information on incoming and outgoing calls.

Mexican consumer protection agency files suit against Telmex

MEXICO CITY (Reuters) - The Mexican government's consumer protection agency said on Sunday it had opened a class action lawsuit against Carlos Slim's fixed line phone company Telmex for making illegal charges. Rafael Ochoa, a legal expert at the federal prosecutor's office for the consumer (Profeco), said Telmex had made unwarranted charges for a privacy service and that Profeco had filed the suit with a federal civil court in Mexico City.

Mexico's America Movil opens door for talks on LatAm Olympics rights

Mexico City, Mar 24 (EFE).- America Movil is willing to negotiate with any company wishing to obtain rights to carry the 2014 and 2016 Olympic Games in Latin America, an executive said. The company, which is controlled by billionaire Carlos Slim, won exclusive broadcast rights from the International Olympic Committee, or IOC.

Mexico's lower house OKs telecommunications overhaul bill

Mexico City, Mar 23 (EFE).- Mexico's lower house of Congress has passed an ambitious telecommunications overhaul bill aimed at boosting competition, breaking up dominant players and opening the door to greater foreign investment. The legislation would create a new autonomous body, the Federal Telecommunications Institute, or Ifetel, to regulate the use of spectrum and oversee broadcasting and telecommunications networks and the services delivered on them. Ifetel also would be charged with granting and revoking broadcast and telecommunications concessions.

Carlos Slim's Telmex hit with $52 mln antitrust fine

Mexico's competition regulator slapped a $52 million fine Thursday on billionaire tycoon Carlos Slim's Telmex telecommunications company for monopolistic practices. The Federal Competition Commission said Telmex refused to give rival firm Axtel access to landlines in 32 towns from August 2009 to June 2011, blocking Axtel from providing local and long-distance services. "For this reason, the CFC found that the refusal constitutes a monopolistic practice," the agency said in a statement.
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