Mexico hits Slim's Telmex with $52 million fine

, The Associated Press

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Carlos-Slim

Mexican regulators have fined billionaire Carlos Slim's Telefonos de Mexico company $52 million for blocking a competitor.

Mexico's anti-monopoly commission said Telmex refused to connect local and domestic land-line calls to Mexican competitor Axtel for 10 months in 2009 and 2011.

This is the third time the commission has fined Telmex for the same type of violation.

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