Wall Street Journal | March 10, 2011 | Jose De Cordoba
MEXICO CITY–Three powerful billionaires, lambasting one another as “monopolists” and “duopolists,” filed complaints against each other Wednesday, ratcheting up a battle over Mexico’s $35 billion telecommunication and broadcast markets.
First, a coalition of 25 cable, phone and broadcasting companies filed a complaint against Teléfonos de Mexico SAB, known as Telmex, and Telcel, Mexico’s largest land-line and mobile-phone companies. Both companies are controlled by Carlos Slim, a telecommunications mogul and the world’s richest man. The complaint, filed before Mexico’s Federal Competition Commission, is an attempt to force Mr. Slim’s companies to lower the rates charged to connect to their phone networks.
The move was spearheaded by the country’s top media tycoons—Emilio Azcarraga, who controls Grupo Televisa SAB, the No. 1 broadcaster, and Ricardo Salinas, the principal owner of TV Azteca SAB and cellphone firm Grupo Iusacell.
In turn, Mr. Slim cited the broadcasters for monopolistic practices, among other things.
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