Category: Post 4: Version adecuada de artículo de La Jornada

 

La Jornada

Mexico City

Monday, February 10^th, 2014 11:56pm

 

 

Carlos Slim’s Firm to Contest $138.5 Million Issued in Ecuador

 

By Miriam Posada

 

The company owned by America Móvil rejected the fine of $138.5 million dollars imposed upon it by the Superintendence of Market Power Control of Ecuador, on the basis that the company of Carlos Slim exercised “Abuse of Market Power” in 2012. Conecel announced that in it’s defense it would exercise the remedies provided by the law.

 

In a press statement Conecel stated that the fine is unjustified and that it results from “a complaint from the state-owned operator CNT (Corporación Nacional de Telecomunicaciones) in regard to five properties of the thousands that Conecel leases which CNT alleges that it was not able to expand it’s network. In the same zone in which are these five areas. there are other equally suitable options and properties where the required infrastructure could be installed. Therefore, there has not been any barrier for entrance nor restriction on competition for any operator. “

 

The company that operates in Ecuador as an affiliate of Claro said that, “The magnitude of the fine is disproportionate, violates the constitutional principle of proportionality, and affects the legal security in which the investment processes are based.

 

Conecel will exercise the remedies the law provides in order to achieve a resolution under the law that guarantees the due process within a frame of legal security.

 

By Miriam Posada

La Jornada/Monday, 10 Feb 2014

The company Conecel, owned by América Móvil, rejected the fine of 138.5 million dollars that the Superintendency for Control of Market Power of Ecuador imposed on it, on the grounds that Carlos Slim’s firm exercised an “abuse of market power” in 2012, and Slim announced that in his defense he will exercise the legal remedies that the law provides.

In an announcement Conecel indicated that the fine is unjustified and it responds to “a complaint from the state-owned CNT (Corporación Nacional de Telecomunicaciones) with regards to five sites (of the thousands that Conecel leases) in which CNT claims would not have been able to expand their network.  In the same areas these five fields are, there are options and alternative fields, equally suitable, in which the required infrastructure could well be installed. Then, there hasn’t been an entry barrier nor competitive constraint for any operator.”

The company that operates in Ecuador as a subsidiary of Claro believes that “the magnitude of the fine is disproportionate, violates the constitutional principle of proportionality, and affects the legal security on which the investment processes are based.”

“Conecel will exercise the resources that the law provides, in order to achieve a resolution according to the law, that ensures due process within a framework of legal security.”

By Miriam Posada

Monday February 10, 2014

Mexico City- Conocel, the company belonging to America Movíl rejected a fine of $138.5 million that was imposed by Ecuador’s Superintendence of Control of Market Power, considering that Carlos Slim’s company exerted “abuse of market power” during 2012, and announced in its defense will exercise the legal steps provided by law.

In a release, Conocel noted that the penalty is unjustified and responded by saying “a complaint of state-owned CNT that refers to 5 zones (of thousands that are leased by Conocel) and in the ones CNT alleges they wouldn’t have been able to expand their network into. In the same areas in which those 5 zones are, there are options and alternate zones, equally suitable, in which the required infrastructure could be installed. There has not been, however, entry barrier nor restriction of competition for any operator.

The company that operates in Ecuador as a subsidiary of Claro considered “the scale of the penalty is disproportionate, distorts the constitutional principle of proportionality, and affects legal security in which that support investment processes.”

“Conocel will exert the remedies provided by law, in order to achieve a resolution in accordance with law, that guarantees due process within a framework of legal certainty.”

LA JORNADA (MEXICO CITY)

 By Miriam Posada

Monday, February 10^th, 2014

 The América Móvil owned company, Conecel, contested a $138.5 MM fine issued by Ecuador’s Superintendency for Control of Market Power, on the grounds that Slim’s company exercised “abuse of market power” in 2012, and announced that in its defense will exercise legal remedies as provided by law.

In a statement Conecel said that the fine is unjustified and it is in respond to “a complaint by the state operator CNT (Corporación Nacional de Comunicaciones) in regards to 5 pieces of land (from the thousands that Conecel leases) and in which CNT claims to be unable to expand its network. In the same zones where the 5 pieces of land are located, there are options and alternative lands, equally suited, where the required infrastructure could be installed. There has not been any indication of entry barrier; neither there has been a competition limitation for any operator.”

The company, which operates as a subsidiary of Claro, considered that “the magnitude of the fine is disproportionate and violates the constitutional principle of proportionality and it hinders the legal security that supports investment processes.”

“Conecel will exercise legal remedies as provided by law, in order to achieve a resolution in accordance with its right to ensure due process is guaranteed within a legal security framework.”

La Jornada (Mexico City)

Carlos Slim’s Company Contests $138.5 Million Fine Imposed by Ecuador

February 10, 2014   9:56 PM

By: Miriam Posada

 

The company Conecel, property of América Móvil, had contested a fine of $138.5 million that was imposed by the Superintendency of Control of Market Power in Ecuador, stating that the company of Carlos Slim exerted a “market power abuse” in 2012. The company announced that in their defense, they exercised legal measures that the law contemplates.

In a press release, Conecel noted that the fine is unjustified and is responding to “a complaint from the state operator, Corporación Nacional de Telecomunicaciones (CNT), which refers to 5 pieces of terrain (from the thousands that Conecel leases) that CNT claims they could not expand their network into. In the same zones in which the 5 pieces of terrain are located, there were options and terrain alternatives that were suitable in which the required infrastructure could be installed. Therefore, there has never been an entrance barrier or a limitation of competition for no operator.”

The company that operates in Ecuador as a subsidiary of Claro considered that “the magnitude of the fine is disproportionate, violates the constitutional principle of proportionality, and affects the legal certainty that upholds the process of investment.”

“Conecel will exercise the measures that the law contemplates to come to a resolution that protects its rights and ensures due process within a framework of legal certainty.”

By Miriam Posada | La Jornada (Mexico City) | Monday February 10, 2014

The company Conecel, property of America Movil, rejects the fine of $138.5 million imposed by the Superintendency for Control of Market Power in Ecuador. Carlos Slims company is being accused of exercising “an abuse of market power” in 2012. They announced that they will exercise legal remedies provided by law in their defense.

Conecel indicated in a statement that the fine is unjust and responds to “a denouncement of the state operator that referred the National Telecommunication Corporation to five lands (of the thousands that Conecel leases) in which it claims it would not be able to expand its network. Other options and alternative lands exist in the same zones where these five terrains are located that are equally suitable for the required infrastructure to be installed. Therefore neither barrier of entry nor limitation of competition has existed for any operator.”

The company that operates as a subsidiary in Ecuador considered that “the magnitude of the fine is disproportionate. It violates the constitutional principle of proportionality and affects the legal security on which investment processes are sustained.”

“Conecel will exercise the resources contemplated by the law, in order to achieve a resolution in accordance with the law that ensures a due process within the framework of legal certainty.”

 La Jornada (Mexico City)

 Carlos Slim’s Company Contests $138.5 Million Fine by Ecuador

 February 10, 2014, 9:56 pm

By Miriam Posada

Conecel, a subsidiary of América Móvil, contested a fine of $138 million imposed by Ecuador’s Superintendency for Control of Market Power on the grounds that Carlos Slim’s company exercised “abuse of market power” in 2012. Conecel announced that in its defense it would exercise the remedies the law provides.

In a press release, Conecel stated that the fine is unjustified and results from “a complaint by the state operator CNT (Corporación Nacional de Telecomunicaciones) in regard to five properties (from among the thousands Conecel leases) which CNT claims it was unable to expand its network into. In the same area as these five properties, other equally suitable options and properties exist where the required infrastructure could be installed. Therefore, there has been no barrier to entry or restriction on competition for any operator.”

The company, which operates in Ecuador as an affiliate of Claro, said “the disproportionate magnitude of the fine violates the constitutional principle of proportionality and affects the legal security on which investment processes are based.”

“Conecel will exercise the remedies the law provides in order to achieve a resolution in accordance with the law that ensures due process within a framework of legal security.”