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Mexico's Telmex says fined 5.3 million pesos for concession non-compliance
April 5, 2017 / 4:57 PM / 8 months ago

Mexico's Telmex says fined 5.3 million pesos for concession non-compliance

MEXICO CITY (Reuters) - Mexican mogul Carlos Slim’s fixed-line telephone firm Telmex said on Wednesday it had been fined 5.3 million pesos ($283,016) by Mexico’s telecoms regulator for failing to comply with the terms of its concession relating to public TV.

A man crosses a pedestrian bridge next to the headquarters of internet and fixed-line phone company Telmex, commercial brand of America Movil, in Mexico City, Mexico, March 9, 2017. REUTERS/Edgard Garrido

Telmex said it was studying the Federal Telecommunications Institute’s (IFT) decision and would appeal. The company said the IFT’s decision was based on non-compliance of its concession, in relation to deals signed with Dish and its affiliates.

Reporting by Alexandra Alper; Editing by Chizu Nomiyama

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