The continuing kerfuffle between Mexico's Federal Competition Commission and Carlos Slim's America Movil (Telcel's parent company) required an extreme turn earlier today. Based on the CFC, an offer continues to be arrived at with Slim's telecom outfit that, amongst other things, will revoke the 11,989,000,000 pesos fine (about $1 billion dollars) enforced in 2011. That being stated, the richest guy worldwide is not completely free, as America Movil's received five new demands that must definitely be stuck to. Of these are lowering the current per-minute interconnection rates from .95 to .36 pesos, discussing the Telcel waves along with other companies in the united states and routinely supplying the CFC with extensive particulars to prove these needs are now being adopted. Should America Movil not meet its finish from the deal, the Mexican regulator could hit Carlos Slim &lifier Co. having a fine as high as 8 % of Telcel's annual revenue -- which, obviously, is really a heck of lots of cash.
CFC backtracks on Slim's near-big fine in Mexico, displays other conditions and terms initially made an appearance on Engadget on Thu, 03 May 2012 22:24:00 EDT. Please visit our terms to be used of feeds.
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