Mexico's antitrust agency on Wednesday began a probe into market dominance in the fixed-line telephone market, a thinly veiled challenge to the power of market leader Telmex, owned by tycoon Carlos Slim.
The Federal Competition Commission, without naming any company, said it will investigate if there was any "substantial power" and "real competition" in various fixed-line long distance and local telephone markets.
Telmex, a former state monopoly that Slim bought in a 1990 privatization, has around 90 percent of Mexico's 20 million fixed lines and was declared "dominant" several years ago by antitrust regulators.
Slim, reckoned by some to be the world's richest person, overturned that ruling in Mexican courts.
Full story here
Importance: This investigation reveals Mexican attempts to reform some of the corruption which seems to be inherent in its government and economy.
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The Federal Competition Commission, without naming any company, said it will investigate if there was any "substantial power" and "real competition" in various fixed-line long distance and local telephone markets.
Telmex, a former state monopoly that Slim bought in a 1990 privatization, has around 90 percent of Mexico's 20 million fixed lines and was declared "dominant" several years ago by antitrust regulators.
Slim, reckoned by some to be the world's richest person, overturned that ruling in Mexican courts.
Full story here
Importance: This investigation reveals Mexican attempts to reform some of the corruption which seems to be inherent in its government and economy.
GRADE THIS POST
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