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Mexico's CFC deems Telcel 'too dominant' in mobile call termination, more regulations coming
Things could be getting a tad bit messy for the world's richest man, Carlos Slim, as Mexico's CFC (or Federal Competition Commission) has ruled one of his companies holds too much power in a key wireless sector. The CFC's beef with Telcel isn't exactly novel; earlier this year the antitrust agency served the phone outfit with an 11,989,000,000 pesos fine (around a $1 billion) for "monopoly practices." Telcel's latest troubles date back to 2011, when the CFC deemed the company "too dominant" in the mobile call termination game, and now it's taken a unanimous vote that'll allow it to implement "asymmetric" regulations on Telcel's service quality, charges and information. Not all is lost for Slim's carrier, however, since it could still appeal the CFC's decision.
