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The reason why the IFT forgave a multi-million dollar fine to Carlos Slim’s Telmex

A man crosses a pedestrian bridge near the headquarters of the internet and fixed-line phone company Telmex in Mexico City, Mexico March 5, 2019. REUTERS/Daniel Becerril
A man crosses a pedestrian bridge near the headquarters of the internet and fixed-line phone company Telmex in Mexico City, Mexico March 5, 2019. REUTERS/Daniel Becerril

The Federal Telecommunications Institute (IFT) resolved not to fine Teléfonos de México (Telmex), a subsidiary of tycoon Carlos Slim’s América Móvil, for allegedly failing to disclose information about its infrastructure in 2017.

Through a statement released this Thursday, the institute indicated that it reviewed the file E-IFT.UC.DG-SAN.I.0041/2018 and its accumulated file E-IFT.UC.DG-SAN.I.0075/2019; however, it was not possible to analyze the merits of the conduct finally charged to Telmex, nor to conclude on the non-compliance and, consequently, proceed to the imposition of a sanction.

“It is appropriate to point out that each matter must be analyzed on its merits based on the evidence, charges, evidence and defenses that are provided in the procedure and that are part of the respective file. In this sense, the file resolved in this procedure is significantly different from the one analyzed and voted on in January 2020 in which a fine was imposed on Telnor, a Telmex subsidiary.”

And it is that as the Preponderant Economic Agent of the sector, Carlos Slim’s firm has the obligation to share information on its infrastructure, number of poles and wells nationwide in an electronic system, so that other companies in the sector could consult it.

It is worth mentioning that this lack forced the regulator to impose a fine on the company that would have easily exceeded 20 billion pesos.

More information in development…

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