Telmex fined 657 million pesos by regulator

Mexico’s Federal Telecommunications Institute (IFT) has fined the incumbent fixed line operator, Telmex for a total of MXN 657 million pesos for monopolistic practices against rival operator Axtel.

The IFT’s decision cannot be appealed by the operator, according to the report. In September, the IFT had fined Telmex MXN 49.3 million for monopolistic practices. In its ruling, the regulator established that Telmex acted with the goal of setting obstacles to the operations of Axtel in the long distance market.