Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Flights Briefly Grounded at Philadelphia International Airport After Bomb Threat Resolved 
Visa to Move European Headquarters to London’s Canary Wharf 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
FDA Memo Raises Questions About Possible COVID-19 Vaccine Links to Rare Child Deaths 
Key Witness Seeks to Block Evidence in Potential Revival of Comey Case 
Tunisian Opposition Figure Chaima Issa Arrested Amid Rising Crackdown 
Afghan Suspect in Deadly Shooting of National Guard Members Faces First-Degree Murder Charge 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Trump Vows Pardon for Former Honduran President as Honduras Faces Tight Election 
Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Trump Administration Halts Immigration, Green Card, and Citizenship Processing for 19 Countries 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Yellow Corp Reaches Major Settlement With Pension Plans Amid Ongoing Bankruptcy Case 
Northwestern University to Restore Research Funding Under $75 Million Agreement with U.S. Government 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Mexico’s telecommunications regulator has fined Telcel, a subsidiary of America Movil (NYSE:AMX), 1.78 billion pesos ($93.6 million) for engaging in anti-competitive practices. According to the Federal Telecommunications Institute (IFT), Telcel struck exclusive agreements with convenience store giant Oxxo, owned by Femsa, to restrict the sale of rival SIM cards.
The IFT launched its investigation in 2021 following a competitor’s complaint. The regulator concluded that Telcel incentivized Oxxo and IMMEX, another Femsa subsidiary, to exclusively sell Telcel SIM cards, thereby violating fair competition laws in the Mexican telecom market.
In addition to Telcel’s hefty fine, the IFT also penalized Oxxo and IMMEX with 19.5 million pesos for participating in the arrangement. The move underscores the regulator’s commitment to promoting market competition and curbing monopolistic behavior in Mexico’s telecom industry.
America Movil, controlled by billionaire Carlos Slim’s family, has denied the allegations, calling the IFT’s findings “biased” and “unsupported by evidence.” The company announced plans to challenge the ruling through all available legal avenues. Similarly, Femsa issued a statement rejecting the resolution, saying it misrepresents its open and diverse retail model and confirmed its intent to contest the decision legally.
The penalties come amid growing scrutiny of America Movil’s market dominance. Telcel remains Mexico’s largest mobile operator, making the outcome of this legal battle significant for the future of telecom competition in the country.
