Mexico's telecommunications regulator has fined satellite TV provider Dish Mexico 43 million pesos ($2.95 million) for failing to disclose a tie-up with Carlos Slim's fixed-line firm Telmex, Dish Mexico said in a statement on Friday.
The Federal Institute of Telecommunications (IFT) fined the group for having a series of contracts with Telmex that it did not inform the regulator about, and which IFT said constituted a merger, according to the statement.
The IFT determined that Dish Mexico's agreement with Telmex, part of billionaire Carlos Slim's America Movil, did not affect competition in the sector, the company said.
A spokesman for Telmex did not immediately respond to a request for comment.
Dish Mexico is a joint venture between Mexico's MVS Comunicaciones and Colorado-based EchoStar Corp.
The satellite TV company and Telmex had a deal to print a single bill for shared services but competitors complained to the regulator that their relationship violated the terms of Telmex's concession, which prevent that company from offering broadcast or pay-television services. ($1 = 14.5952 Mexican pesos)
(Reporting by Christine Murray; Editing by Alan Crosby)
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[readon1 url="http://www.reuters.com/article/2015/01/09/mexico-telecommunications-idUSL6N0UO3O320150109"]Source: www.reuters.com[/readon1]
Mexico's Telco Regulator Fines Dish Mexico for Telmex Deal
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