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.”