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    Insight: Collusion probe latest Mexico woe for Telefonica

    Thu, 04/26/2012 - 08:16 EDT - Yahoo! Business News
    • YahooBizNews

    Mexican telecommunications and retail mogul Slim meets Macedonian Prime Minister Gruevski during his three-day visit to Macedonia in SkopjeMEXICO CITY (Reuters) - When Telefonica arrived in Mexico about a decade ago, the Spanish phone company framed the expansion as a social crusade as much as a business: It would bring wireless service to the country's poor while taking on Carlos Slim, the tycoon who has dominated Mexico's telephone industry for a generation. Telefonica says it has achieved part of its goal. Cellphone use has quadrupled since the company arrived, it says, and it has helped put handsets into the hands of rural peasants and street vendors while shrinking the cost of service. ...

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    Related

    • Insight: Collusion probe latest Mexico woe for Telefonica

      MEXICO CITY (Reuters) - When Telefonica arrived in Mexico about a decade ago, the Spanish phone company framed the expansion as a social crusade as much as a business: It would bring wireless service to the country's poor while taking on Carlos Slim, the tycoon who has dominated Mexico's telephone industry for a generation.

    • Exclusive: Mexico told to probe Slim phone collusion charges

      MEXICO CITY (Reuters) - A court has ordered Mexico's competition watchdog to investigate claims of collusion between businesses controlled by telecommunications tycoon Carlos Slim and Spain's Telefonica, according to a court document seen by Reuters on Sunday.

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