Mexico's America Movil fined 1.3 billion pesos by telecom regulator: filing

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MEXICO CITY (Reuters) – America Movil, the telecoms giant controlled by the family of Mexican bilionaire Carlos Slim, said in a regulatory filing on Monday that it had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecom regulator.

The company (MX:) said it had been fined for allegedly failing to comply with a requirement to share information about the availability of its telecom infrastructure, such as posts and ducts. America Movil said it would explore its legal options.

($1 = 18.6980 Mexican pesos)

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