Mexican telecoms regulator fines Telcel $93 million for monopolistic practices
MEXICO
CITY: Mexican telecommunications company
America Movil
said on Tuesday the nation's telecoms regulator fined its Telcel subsidiary 1.78 billion pesos ($93.61 million) for
monopolistic practices
, which the company denied and pledged to challenge.
The fine follows an investigation launched in 2021 by the
Federal Telecommunications Institute
(IFT) at the request of a competitor over alleged monopolistic practices by Telcel in the national market for the distribution and commercialization of SIM cards through convenience store chains.
A spokesperson for IFT did not immediately have a comment.
"Telcel denies having committed the practice referred to in the resolution," America Movil said in a statement, adding that Telcel will challenge the investigation and fine "through all available legal means."
"Telcel considers it is an arbitrary and disproportionate fine based on competitor's allegations and in a biased investigation, lacking evidence, carried out by the IFT's Investigation Authority," the parent company added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
a day ago
- Hindustan Times
Jeff Bezos and Lauren Sanchez's meet-cute and why they chose Venice for their wedding
Jeff Bezos and Lauren Sanchez are set to tie the knot in Venice later this month. Long before they became one of the world's most watched power couples, the Amazon founder and Lauren Sanchez crossed paths through mutual connections in media and business. At the time, Sanchez, an Emmy-winning TV anchor and helicopter pilot, was married to talent agent Patrick Whitesell. Bezos, too, was married to MacKenzie Scott; however, the soon-to-be married couple were introduced by shared acquaintances, as reported by Marca. Jeff Bezos and Lauren Sanchez are set to marry in Venice from June 24 to 26. REUTERS/Danny Moloshok/File Photo(REUTERS) Jeff Bezos and Lauren Sanchez's friendship grew stronger around 2018, particularly when she became involved with aerial filming for Bezos' firm Blue Origin. In early 2019, shortly after Jeff Bezos announced his divorce from Scott, he made his relationship with Lauren Sanchez public. What began as a professional rapport deepened into a personal bond, shaped by shared interests- space exploration, philanthropy, and media. In 2023, Bezos proposed to Sanchez during a Mediterranean getaway aboard his superyacht, Koru. Now, the couple is preparing to tie the knot in Venice with a lavish three-day celebration from June 24 to 26. Also read: Jeff Bezos and Lauren Sanchez gear up for the Venetian wedding of the year; here's how much it costs and other details Venice braces for crowds While Venice is known for its grandeur, not everyone is thrilled about the scale of the wedding. According to Il Gazzettino, the city's council director, Morris Ceron, played a key role in bringing the wedding to Venice after being tipped off months earlier by designer Domenico Dolce. Ceron reportedly saw the event as a global showcase for the city, even as locals voiced concern over tourism-related stress and rising waters. As reported by The Telegraph, the estimated cost of Jeff Bezos and Lauren Sanchez's wedding could climb to a staggering $16 million (around £11.9 million). The breakdown is just as lavish. Roughly $1 million is said to be set aside for floral arrangements and venue décor alone. Wedding planning services could cost up to $3 million, while renting historic Venetian sites may add another $2 million. Catering might run close to $1 million, and Sanchez's outfits across the multi-day event are expected to cost around $1.5 million. FAQs: How did Jeff Bezos meet Lauren Sanchez? They met through mutual business and media contacts while she was still married, as reported by Marca. What ethnicity is Lauren Sanchez? She is of Mexican-American descent. Are Jeff Bezos and Lauren Sanchez still together? Yes, they are engaged and set to marry in June 2025.
Time of India
3 days ago
- Time of India
Why is US breeding flies in Texas, near Mexico border
The U.S. government has announced plans to open a facility in Texas by year's end to breed millions of sterile New World screwworm flies, aiming to protect American cattle from a flesh-eating parasite that has reemerged in southern Mexico. Tired of too many ads? go ad free now The $8.5 million facility, to be built at Moore Air Base near the Mexican border, will release sterile male flies to mate with females, preventing the production of larvae that feed on living tissue. Agriculture Secretary Brooke Rollins, speaking at a news conference alongside Texas and cattle industry officials, emphasized the urgency of the initiative. 'The United States has defeated NWS before, and we will do it again,' she said, referencing the successful eradication of the screwworm in the U.S. during the 1960s. The new facility will be only the second of its kind in the Western Hemisphere, joining one in Panama that produces about 100 million sterile flies weekly. The screwworm's recent spread in southern Mexico, detected as close as 700 miles from the U.S. border, prompted the U.S. to suspend imports of live cattle, horses, and bison from Mexico last month. The U.S. Department of Agriculture also plans to invest $21 million to convert a fruit fly-breeding facility near Mexico's border with Guatemala into one for screwworm flies, though it won't be operational for 18 months. The Texas facility could produce up to 300 million flies per week, significantly bolstering efforts to curb the parasite's northward migration. The National Beef Cattlemen's Association president, Buck Wehrbein, underscored the economic threat to ranchers, noting that Moore Air Base previously hosted a similar facility in the 1960s. 'The only way to protect the American cattle herd from the devastating threat of New World screwworm is by having a sufficient supply of sterile flies to push this pest away from our border,' he said. Tired of too many ads? go ad free now Mexican Agriculture Secretary Julio Berdegué welcomed the plan, calling it a 'positive step' for U.S.-Mexico cooperation in a post on X. He expressed optimism that cattle exports could resume soon based on USDA inspections. The screwworm, which can infest any mammal including pets and occasionally humans, poses a broader risk. Kansas Animal Health Commissioner Justin Smith highlighted concerns about wildlife, such as feral pigs and deer, potentially carrying the parasite across borders unchecked. Texas officials praised the federal response, while other states remain vigilant, emphasizing the need for sterile flies to outnumber fertile ones to halt the pest's advance.
Time of India
4 days ago
- Time of India
The Gringo Hunters OTT Release Date: When and where to watch Harold Torres and Mayra Hermosillo's crime drama
The Gringo Hunters OTT Release Date: In a time when crime thrillers are flooding streaming platforms, this Mexican thriller offers something you haven't seen before. It flips the usual narrative, puts Mexico front and centre, and tells the story of a real elite police unit that does one job: track down American fugitives hiding across the border and send them back home to face justice. The Gringo Hunters is all set to premiere on Netflix on July 9, 2025. What is The Gringo Hunters all about? At the heart of the show is a fascinating, little-known reality. Based on journalist Kevin Sieff's eye-opening article for The Washington Post, the show follows Mexico's International Liaison Unit, often referred to as the 'Gringo Hunters.' These are officers whose job is to locate U.S. nationals who cross into Mexico to escape criminal charges back home. For years, these fugitives believed they could vanish into Tijuana or Mexico City, but this police unit has been proving them wrong, one arrest at a time. The Gringo Hunters' cast and crew The Gringo Hunters is led by Harold Torres, known for his intense performances in ZeroZeroZero. He's joined by Mayra Hermosillo from Thursday's Widows, who plays Gloria. Alongside them, you'll see Manuel Masalva (Narcos: Mexico), José María Yazpik, and a wide mix of actors from both sides of the border, including Sebastian Roché, Eric Nelsen, Jessica Lindsey, and Tyler Young. Behind the scenes, the show is in solid hands. The series is co-directed by a talented bunch - Alonso Alvarez, Natalia Beristain, Adrian Grunberg, and Jimena Montemayor. The writing is led by Jorge Dorantes, with executive producers like Ron Howard, Brian Grazer, and Tony Hernandez attached. The production is backed by Woo Films, Redrum, and Imagine Entertainment, with Netflix and The Washington Post both in on the collaboration.
