Carlos Slim Phone Monopoly Overcharges Mexicans Billions


Telephone service in Mexico is run by a monopoly that is overcharging customers billions of dollars, according to a new report by the Organization for Co-operation and Development (OECD).

“The lack of telecommunication competition in Mexico has led to inefficient telecommunications markets that impose significant costs on the Mexican economy and burden the welfare of its population,” say the report’s authors.

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