Mexican telecoms regulator fines Telcel for monopolistic practices

MEXICO CITY, June 17 (Reuters) - Mexican telecommunications giant America Movil said on Tuesday that its subsidiary Telcel had been fined 1.78 billion Mexican pesos ($93.61 million) for monopolistic practices, a penalty the parent company called arbitrary and disproportionate.

The fine follows an investigation launched in 2021 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.

($1 = 19.0150 Mexican pesos)