Carlos Slim, owner of Mexico’s wireline telecom giant Telmex, is facing regulatory scrutiny over pricing and market domination.
The world’s second-richest man (Bill Gates is still the man to beat) has created a monopoly in our neighbor to the south and now Mexico’s antitrust commission has taken notice. The agency says Telmex dominates 191 areas of local telephony service and that likely will lead to lower rates in local transit and wholesale dedicated line leasing.
Of course, for Telmex, that would translate into lower revenue, something Slim surely will not take sitting down. (That just calls for a “Will the real Slim Shady please stand up?” joke, but we’ll resist.)
