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Article: Kill the ref: a competition watchdog struggles to grow teeth in a changing Mexico. (Government).
- Article from:
- Revista Latin Trade
- Article date:
- November 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Carlos Slim, Latin America's top tycoon and richest man, was asked at a recent press luncheon what he thought of Mexico's Federal Competition Commission, the five-member body that has made headlines by ruling against companies like Slim's telephone giant Telmex, Coca-Cola and Wal-Mart de Mexico, among others.
"They won't let us do anything," groans Slim, who controls the former state telephone carrier. "They won't let us buy and they won't let us sell."
Sour grapes? Telmex has a virtual monopoly in local telephone and broadband Internet access. Until recently, Telmex charges for U.S. long distance carriers to complete their calls within Mexico were up to ...