Home Claro slapped with USD 138.5 mln fine in Ecuador
 

Keywords :   


Claro slapped with USD 138.5 mln fine in Ecuador

2014-02-10 12:17:00| Telecompaper Headlines

(Telecompaper) Ecuador's anti-monopoly watchdog Superintendencia de Control del Poder de Mercado (SCPM) has fined Consorcio Ecuatoriano de Telecomunicaciones Conecel, a unit of America Movil, USD 138.5 million for abuse of market power. Conecel operates on the local market under the Claro brand name. Claro currently holds a share of 67 percent of the local mobile market, serving nearly 15.5 million customers, El Nuevo Herald reports. The fine is equal to 10 percent of Claro's revenues in 2012, SCPM said.

Tags: fine usd ecuador claro

Category:Telecommunications

Latest from this category

All news

»
22.11Spain fines budget airlines including Ryanair 179m
22.11Eastern North Pacific Tropical Weather Outlook
22.11Atlantic Tropical Weather Outlook
22.11Rush PANTS
22.11SBS
22.11/
22.11 YOU
22.11
More »