Belfast Telegraph

Mr Slim's shady mobile practise fined $1bn

Mexico's anti-trust agency confirmed that it levied a $1bn fine against the Mexican mobile phone subsidiary of tycoon Carlos Slim and ordered it to end unfair practices.

The Federal Competition Commission said it found that Mr Slim's Telcel business engaged in "relative monopolistic practices" by overcharging competitors to connect calls to Telcel users. The fine levied is the maximum penalty.