Colombia: Claro sanctioned 45 million dollars for limiting free competition

Posted on September 5, 2013 • Filed under: Business, Colombia

The phone company Claro, a subsidiary of America Movil, was sanctioned by the Superintendency of Industry and Commerce (SIC) of Colombia with a fine of 45 million dollars for practices to “limit free competition”.
In a statement posted Wednesday on its website, the Superintendent explained that imposed two fines on course, with a total value of 87,750 million pesos (about 45 million), “abuse of dominant position and other unlawful behavior of the competition “. Read Article

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