The Mexican Federal Competition Commission ("CFC") has revoked a fine of approximately US $1 billion that it had imposed on Mexican telecommunications company Radiomóvil Dipsa, S.A de C.V. (Telcel), a subsidiary of América Móvil, owned by Mexican billionaire Carlos Slim.The revocation resulted from Telcel having agreed to comply with certain commitments, including suspending the conduct that led to the CFC investigation and decision to fine, taking advantage of a peculiar feature of Mexican Competition Law. In April 2011, the CFC decided to fine Telcel for monopolistic conduct in how it charged competitors for terminating their calls on
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The Mexican Competition Authority accepts commitments and revokes monopolization fine imposed on telecommunications company (Telcel)
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