End of preview - This article contains approximately 122 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 12 May 2022
In brief: Brazil’s anti-trust regulator fines telecom companies
* Brazil’s anti-trust regulator (CADE) has fined the Brazilian telecommunications company Oi, the Mexican company América Móvil, and the Spanish company Telefónica, for forming an alliance to reduce competition in a 2015 tender held by Empresa Brasileira de Correios e Telégrafos (ECT), the state-owned company that operates the postal service. CADE ruled that the companies had “harmed the competitive environment and the operations of other agents in the market” by “acting in a coordinated way to eliminate competition between themselves by forming the Red Correos consortium to win the tender.” The companies were fined a total of R$783m (US$152.3m), with América Móvil ordered to pay R$395.2m, Oi, R$266.1m, and Telefónica, R$121.7m.
- BRAZIL: New energy minister broadens privatisation plans
- COLOMBIA: Furore over Medellín mayor’s suspension
- In brief: Venezuela to float shares in state-owned companies
- In brief: Brazil’s anti-trust regulator fines telecom companies
- GUATEMALA: High profile judge reports death threats
- In brief: Cuban cigars post record growth
- MEXICO: US security cooperation further reduced
- In brief: Mexico reaffirms interest in digital currency
- CHILE: Government reaches out to indigenous
- In brief: Argentina’s YPF hails first quarter profit