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Telecom Italia (TI -6.4%) and America Movil (AMX -1.4%) slump after Brazil's telecom regulator...

Telecom Italia (TI -6.4%) and America Movil (AMX -1.4%) slump after Brazil's telecom regulator suspends phone sales for the country's top 3 carriers in a number of states, citing poor service and complaints. Telecom Italia's TIM will be prohibited from selling phones in 19 states, and AMX's Claro will be prohibited in 3 states. Sales can only resume after the carriers present investment plans detailing how they will improve service.
Comments (2)
  • How quaint, here they just pay to change the regulations.
    19 Jul 2012, 01:05 PM Reply Like
  • How does this affect TEF? Backdoor with TI partial ownership?
    19 Jul 2012, 07:12 PM Reply Like
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