Ecuador’s anti-monopoly agency the Superintendency of Market Power Control revealed on Sunday that it has fined the country’s largest cellco by subscribers Conecel (Claro Ecuador) USD138.5 million for ‘anti-competitive practices’, the Wall Street Journal reports. Claro, the local unit of Mexico’s America Movil, was fined an amount equal to ‘10% of all company business in 2012’, according to the comptroller’s statement, following complaints lodged in that year by state-backed rival operator Corporacion Nacional de Telecomunicaciones (CNT) which alleged ‘abuse of market power’. The Superintendency decided that Claro acted illegally by signing exclusivity contracts with the owners of land used for wireless network towers. Claro has complained that the fine is unjustified and that there were ‘serious inconsistencies in the process.’
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors