Fat chance; court blocks injunction efforts by Slim-owned companies

14 Apr 2014

Attempts by companies owned by Mexican billionaire Carlos Slim to seek injunctions against market dominance measures have been blocked by a local court, according to BNamericas, which cites local new source La Cronica. As previously reported by CommsUpdate, in March 2014 telecoms regulator the Instituto Federal de Telecomunicaciones (Ifetel) took the somewhat unusual step of naming two of Slim’s non-telecoms companies, bank Inbursa and conglomerate Grupo Carso, as being dominant in the telecoms sector by dint of the fact that they had the same ‘economic interests’ as America Movil (AM), which controls fixed line incumbent Telefonos de Mexico and cellco Telcel.

Now, with Grupo Carso and Inbursa said to have filed legal challenges against the regulatory decision last week, a court that specialises in competition, broadcasting and telecoms is understood to have refused to grant the injunctions. Both Carso and Inbursa were said to have argued that they should not have been declared ‘preponderant economic agents’ since they do not provide telecom services and do not have concessions in that sector.

While Telmex and Telcel have also reportedly filed for injunctions against the rulings by the Ifetel, a decision has yet to be made in those cases.

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