The Organization for Economic Cooperation and Development Wednesday defended a report it published this week on the Mexican telecommunications industry after the report’s conclusions drew sharp criticism from Mexican telecom magnate Carlos Slim.

The OECD argues that a lack of competition in Mexico’s communications industry and comparatively high prices for broadband, mobile and fixed-line phone service cost the country about $25 billion a year, or 2% of gross domestic product.

To read this Wall Street Journal report in full, see:
online.wsj.com/article/BT-CO-20120201-715062.html

Also see:

Carlos Slim, Mexican Telecom Magnate, Denies His Company Has Monopoly
Telephone magnate Carlos Slim denied Tuesday that he has a monopoly on telecommunications in Mexico, disputing a report by an international economic forum that say a lack of competition has cost the country billions.

Slim, who is one of the world’s richest people, said his phone companies have either kept prices the same or reduced them. His Telmex company controls 80 percent of Mexico’s landline market, while his Telcel controls 70 percent of the mobile phone business.
www.huffingtonpost.com/2012/02/01/carlos-slim-monopoly_n_1246487.html