Mexico’s America Movil fined 1.3 billion pesos by telecom regulator: filing

FAN Editor
Mexican billionaire Carlos Slim addresses the audience during an event in Mexico City
FILE PHOTO: Mexican billionaire Carlos Slim addresses the audience during an event in Mexico City, Mexico November 27, 2019. REUTERS/Luis Cortes

January 27, 2020

MEXICO CITY (Reuters) – America Movil, the telecoms giant controlled by the family of Mexican bilionaire Carlos Slim, said in a regulatory filing on Monday that it had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecom regulator.

The company <AMXL.MX> said it had been fined for allegedly failing to comply with a requirement to share information about the availability of its telecom infrastructure, such as posts and ducts. America Movil said it would explore its legal options.

($1 = 18.6980 Mexican pesos)

(Reporting by Julia Love and Lizbeth Diaz; editing by Stefanie Eschenbacher)

Free America Network Articles

Leave a Reply

Next Post

Wall Street tumbles as virus fuels economic worry

FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson January 27, 2020 By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks suffered their worst day in over three months on Monday […]

You May Like