Sunday, March 31, 2013

Reuters: Regulatory News: Mexican consumer protection agency files suit against Telmex

Reuters: Regulatory News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Mexican consumer protection agency files suit against Telmex
Mar 31st 2013, 23:33

MEXICO CITY, March 31 | Sun Mar 31, 2013 7:33pm EDT

MEXICO CITY, March 31 (Reuters) - The Mexican government's consumer protection agency said on Sunday it had opened a class action lawsuit against Carlos Slim's fixed line phone company Telmex for making illegal charges.

Rafael Ochoa, a legal expert at the federal prosecutor's office for the consumer (Profeco), said Telmex had made unwarranted charges for a privacy service and that Profeco had filed the suit with a federal civil court in Mexico City.

Profeco took the step after noticing that Telmex was charging users some 10.40 pesos ($0.84) a month for a data protection service that was a constitutional right, said Ochoa.

It was unclear how many customers could join the suit and how much Telmex might be liable for, he noted.

"There's still not a precise estimate," Ochoa said, noting the period under scrutiny began in March 2012. He added that he expected a judge to rule on the case in around six months.

Telmex did not immediately respond to requests for comment.

Slim, the world's richest man, controls roughly 80 percent of Mexico's fixed line phone market and 70 percent of the country's mobile business through his giant phone company America Movil, of which Telmex is a part.

In February, Mexico's competition watchdog Cofeco said it would fine Telmex $52 million for monopolistic practices.

Slim's companies have successfully fought off a number of lawsuits in the past, but the billionaire is facing tougher regulation from President Enrique Pena Nieto's government.

On March 11, Pena Nieto unveiled the biggest planned shake-up of the Mexican telecommunications market in decades, a sweeping reform that aims to boost competition and give regulators the power to make dominant players sell assets.

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

 
Great HTML Templates from easytemplates.com.