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Wednesday, April 27, 2011

World's richest man fined $1b for abusing phone monopoly  http://tehrantimes.com/Index_view.asp?code=239521

Mexico's competition authorities have levied a $1 billion (£600m) fine against a company belonging to Carlos Slim, the world's richest man, ordering it to stop unfair practices. The Federal Competition Commission found Telcel engaged in “relative monopolistic practices” by overcharging competitors to connect calls to Telcel users.

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