• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive
TechGlobal 500

This Country Just Launched an Antitrust Probe Into Its Public Phone Market

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
October 18, 2016, 10:22 AM ET
Mexican tycoon Carlos Slim walks after he launched a free online platform for education with free access to mobile WiFi connections to the Internet on his Infinitum service during a news conference at Soumaya museum in Mexico City
Mexican tycoon Carlos Slim walks after he launched a free online platform for education with free access to mobile WiFi connections to the Internet on his Infinitum service during a news conference at Soumaya museum in Mexico City, Mexico, June 15, 2016. REUTERS/Henry Romero - RTX2GGYNHenry Romero—Reuters
Google source logo
Add Fortune on Google for similar content.

Mexico’s telecoms regulator has opened an anti-trust probe into the domestic market for public telephones, the government said in its official gazette on Tuesday.

The investigation will look at possible anti-competitive behavior in the “market for production, distribution, and commercialization of public telephone service for sale to final users via telephonic apparatuses for public use,” it said.

Telmex, a unit of tycoon Carlos Slim’s America Movil, dominates the fixed line phone business in Mexico.

Before Slim acquired Telmex at the start of the 1990s, it was a state monopoly. It has public phones throughout Mexico, where it competes with smaller firms including Logitel and Alta.

As is customary, the government did not say which company the Federal Telecommunications Institute (IFT) was targeting in the probe, which was sparked by a complaint.

Local media reported in July that another company, Conatel, had made an anti-trust complaint against Telmex over the public telephones market. IFT documents published online in June showed Conatel had complained it could not compete with Telmex.

Get Data Sheet, Fortune’s technology newsletter.

Consulted on the matter, a Telmex spokesman said it was too early to say whether the company was the target of the probe.

Slim, Mexico’s richest man, has dominated the local phone business for years, and the government passed a major telecoms reform in 2013 to loosen his hold on the telecoms market.

The public phones probe will last at least 30 working days and not exceed 120 working days, though the period of investigation can be extended if necessary, the government said.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.