Mexican telecoms regulator fines Telcel $93 million for monopolistic practices
MEXICO
CITY: Mexican telecommunications company
America Movil
said on Tuesday the nation's telecoms regulator fined its Telcel subsidiary 1.78 billion pesos ($93.61 million) for
monopolistic practices
, which the company denied and pledged to challenge.
The fine follows an investigation launched in 2021 by the
Federal Telecommunications Institute
(IFT) at the request of a competitor over alleged monopolistic practices by Telcel in the national market for the distribution and commercialization of SIM cards through convenience store chains.
A spokesperson for IFT did not immediately have a comment.
"Telcel denies having committed the practice referred to in the resolution," America Movil said in a statement, adding that Telcel will challenge the investigation and fine "through all available legal means."
"Telcel considers it is an arbitrary and disproportionate fine based on competitor's allegations and in a biased investigation, lacking evidence, carried out by the IFT's Investigation Authority," the parent company added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
31 minutes ago
- India Today
British Columbia Premier urges terrorist label for Lawrence Bishnoi Gang
British Columbia Premier David Eby has asked the Canadian government to take action against the Lawrence Bishnoi gang, saying he wants the India-based gang declared a terrorist organisation in Canada. Eby stated that the initiative is intended to provide law enforcement with stronger tools to tackle the gang's expanding extortion premier said the Lawrence Bishnoi gang had been linked to extortions and other crimes against South Asian community members in British Columbia, Alberta and Ontario, according to The Canadian said on Tuesday that he plans to send a letter to Prime Minister Mark Carney, requesting that the gang be officially designated as a terrorist organisation to enable police to be able to use the necessary tools to investigate. He sought action against the gang following a public safety forum which was held over the weekend in Surrey to address crimes being faced by South Asian businesses."This is a serious step. It gives police significant investigative tools. We don't make this recommendation lightly, but this activity strikes at public confidence in the justice system, in our democracy and in the safety of the community, and it erodes public confidence in the rule of law," CTV News quoted Eby as noted that these extortion threats – which have been accompanied by shootings and arsons in some cases – are occurring in cities across the country, including Edmonton and Brampton, CTV News Lawrence Bishnoi gang, named after its jailed gangster in India, has been linked to a series of high-profile criminal cases, including extortion threats to Indian celebrities and businessmen, with alleged overseas operatives playing a key role, according to a report in gangster Bishnoi is presently incarcerated at Sabarmati Central Jail in LAWS NOT ENOUGH TO DEAL WITH LAWRENCE BISHNOI GANG: EBYEby pointed out that while an RCMP task force is already active in addressing the extortion threats, conventional policing methods might not be adequate to tackle the issue effectively."They need additional tools to respond to the fact that this is transnational organised crime. This is more in the nature of terrorism than it is traditional crime," he mentioned that the federal government had previously implemented comparable measures against a Mexican drug cartel."We don't make this recommendation lightly, but this activity strikes at public confidence in the justice system, in our democracy," he December 2023, police in Abbotsford, British Columbia, said they were investigating extortions targeting affluent members of the South Asian community and the crimes had ties to the Bishnoi gang, The Canadian Press Reel
India Gazette
3 hours ago
- India Gazette
PM Modi joins world leaders for group photo at 51st G7 Summit
Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi joined world leaders for a group photograph at the 51st G7 Summit in Kananaskis, Canada. The photograph featured a host of prominent international figures, including Japan's Prime Minister Shigeru Ishiba, Italy's Prime Minister Giorgia Meloni, France's President Emmanuel Macron, Canada's Prime Minister Mark Carney, Britain's Prime Minister Keir Starmer, Germany's Chancellor Friedrich Merz, and European Commission President Ursula von der Leyen and President of the European Council Antonio Costa. Also present were Mexican President Claudia Sheinbaum, South Korean President Lee Jae-myung, , Australian Prime Minister Anthony Albanese, Ukrainian President Volodymyr Zelenskyy, Brazilian President Luiz Inacio Lula da Silva, South African President Cyril Ramaphosa, NATO Secretary General Mark Rutte, UN Secretary General Antonio Guterres, and World Bank President Ajay Banga. Donald Trump, the President of the United States, exited the G7 summit prematurely to monitor developments in the ongoing conflict between Israel and Iran. On the sidelines of the summit, Prime Minister Narendra Modi held a flurry of high-level bilateral meetings with leaders from Mexico, South Korea, Australia, South Africa, France, and Canada, reaffirming India's commitment to strengthening global partnerships. Kicking off his bilateral engagements, Randhir Jaiswal, Official Spokesperson of the Ministry of External Affairs, posted on X, 'PM @narendramodi met President Mr. Lee Jae-Myung @Jaemyung_Lee of Republic of Korea on the sidelines of the 51st #G7Summit in Kananaskis, Canada.' The meeting saw both sides reaffirm their commitment to deepening the India-Republic of Korea Special Strategic Partnership by exploring cooperation in trade and economy, critical and emerging technologies, green hydrogen, shipbuilding, culture, and people-to-people ties. Regional and global issues were also discussed. Further strengthening ties in the Latin American region, Jaiswal stated in another post, 'Boosting India-Mexico warm & historical ties. PM @narendramodi met President Dr. @Claudiashein of Mexico, on the sidelines of 51st G7 Summit in Kananaskis, Canada. This was the first meeting between the two leaders. Both sides discussed avenues to further deepen cooperation in trade, pharmaceuticals, S&T, digital innovation and shared perspectives on key global & regional issues, including priorities of the Global South.' Expanding on the meeting, Prime Minister Modi said, 'I had a very good meeting with Mexican President Claudia Sheinbaum. I personally congratulated her on her historic electoral victory, becoming the first female President of Mexico in two centuries. We both see immense potential for further strengthening ties between India and Mexico in the future, especially in sectors such as agriculture, semiconductors, critical minerals, healthcare, among others. We also discussed ways to strengthen the ties between our peoples.' PM Modi also extended an invitation to President Sheinbaum to visit India. He congratulated President of Mexico on her historic victory and thanked President Sheinbaum for the support extended by Mexico in India's fight against terrorism. Continuing his diplomatic engagements at the summit, Prime Minister Modi also interacted with Prime Minister Anthony Albanese of Australia. In a post on X, PM Modi said, 'Good to meet my friend, PM Albanese of Australia during the G7 Summit in Canada! @AlboMP' Highlighting India's engagement with the host nation, Jaiswal shared, 'Building bridges for global progress and cooperation. PM @MarkJCarney of Canada welcomed PM @narendramodi at the #G7 Summit in Kananaskis, Canada.' Adding to the series of key bilateral meetings, Prime Minister Modi also met with President of South Africa Cyril Ramaphosa. In a social media post, PM Modi wrote, 'Happy to interact with the President of South Africa, Mr. Cyril Ramaphosa at the G7 Summit. @CyrilRamaphosa' PM Modi also held a pull-aside meeting with French President Emmanuel Macron. Prime Minister Narendra Modi arrived at the Pomeroy Kananaskis Mountain Lodge in Canada on Tuesday to attend the G7 Summit. Canadian Prime Minister Mark Carney received PM Modi as he arrived at the summit venue in Kananaskis, Alberta. This marks his sixth consecutive participation in the G7 Summit and his first visit to Canada in a decade. PM Modi received a ceremonial welcome at the Calgary airport, where India's acting high commissioner, Chinmoy Naik, was among those who received him. Setting the tone for his engagements, PM Modi, upon arriving in Calgary, said on Monday (local time) that he would meet various leaders at the G7 Summit and share his thoughts on important global issues. PM Modi added that he would also emphasise the priorities of the Global South during the summit. This visit is part of his three-nation official tour, which began with Cyprus and will conclude with Croatia. In a post on X, PM Modi stated, 'Landed in Calgary, Canada, to take part in the G7 Summit. Will be meeting various leaders at the Summit and sharing my thoughts on important global issues. Will also be emphasising the priorities of the Global South.' The G7 Summit is an annual gathering of leaders from the United States, United Kingdom, France, Germany, Japan, Italy, Canada, and the European Union (EU). This marks PM Modi's sixth consecutive participation in the G7 Summit. (ANI)
News18
4 hours ago
- News18
‘This Is Serious…': British Columbia Premier Urges Terror Tag For Lawrence Bishnoi Gang
Last Updated: British Columbia Premier David Eby has alleged that gang has been linked to extortion and other crimes against South Asian community members in British Columbia, Alberta, Ontario. British Columbia Premier David Eby has mulled to ask Canadian Prime Minister Mark Carney to officially declare the Lawrence Bishnoi gang a 'terrorist organisation" in the country, adding that it had been linked to many crimes. Days after the Indian community members held a public safety forum against extortion, Eby said he would write to Carney to formally designate the gang as a terrorist organisation amid a surge in violent extortion cases linked to the group across multiple Canadian provinces. On Tuesday, the premier said he will write to about it 'to enable police to be able to use the necessary tools to investigate." 'This is a serious step," Eby said. 'We don't make this recommendation lightly, but this activity strikes at public confidence in the justice system, in our democracy." He alleged that the gang had been linked to extortion and other crimes against South Asian community members in British Columbia, Alberta and Ontario. Citing a pattern of transnational organised crime, he said that existing law enforcement powers may fall short, and a terrorist designation would allow police to use enhanced legal tools. 'They need additional tools to respond to the fact that this is transnational organised crime," he said. 'This is more in the nature of terrorism than it is traditional crime. The community is terrified, and action needs to be taken." As Eby stressed his demand, Balpreet Singh from World Sikh Organisation said he supported his request. Eby pointed out that the federal government had previously added Mexican drug cartels to Canada's list of terrorist entities, an approach he believed is now warranted in this case. Canada's police had earlier reported that South Asian community members are being extorted under threat of violence or death. Adding that Lawrence Bishnoi gang has been linked to some of those threats. One victim, Satish Kumar who was the president of the Lakshmi Narayan Mandir Temple and owner of Reflections Banquet Halls, told the Vancouver Sun that he received a threat after refusing to pay $2 million to an extortionist. Abbotsford police had earlier confirmed that some extortion cases targeting wealthy South Asians in the region were linked to the Bishnoi network. National Investigation Agency (NIA) has described Lawrence Bishnoi as running a 'terror syndicate" from Indian jails, with operations extending to Canada through local associates. The Bishnoi gang has been under increased scrutiny since the killing of singer Sidhu Moosewala in 2022, which was allegedly orchestrated by its members. Meanwhile, Elenore Sturko, B C Opposition public safety critic, opposed Eby's demand, saying that other issues need addressing. Sturko asserted that she is unaware that police 'definitively" linked Bishnoi gang to extortion cases, further questioning the timing of Eby's comment. 'The police haven't come out and told my community that this gang is responsible for these incidents," she said. 'This is a very dramatic and headline-grabbing thing that the premier's done today, but I hope it doesn't distract from the fact that there are other issues at play here that need addressing," she added. (With inputs from agencies)
