Los Angeles Latino & Community Advocates Come Together to Rally at CPUC Calling for Full Investigation of Carlos Slim's TracFone

   Los Angeles Latino & Community Advocates Come Together to Rally at CPUC
       Calling for Full Investigation of Carlos Slim's TracFone Merger

PR Newswire

LOS ANGELES, Dec. 5, 2012

Hundreds Expected to Rally Outside CPUC in Downtown Los Angeles

LOS ANGELES, Dec. 5, 2012 /PRNewswire-USNewswire/ --On Thursday, December 6,
hundreds of Los Angeles Latino and community leaders are joining Two Countries
One Voice in a rally against the world's richest man, Carlos Slim, and calling
on the California Public Utilities Commission (CPUC) for a full investigation
of a recent merger involving Slim's TracFone. Two Countries One Voice is
dedicated to exposing the predatory, monopolistic practices of Carlos Slim,
the richest man in the world. Recently, Slim zeroed in on California when one
of his telecommunications' companies, TracFone, acquired California-based
Simple Mobile without any public hearings or review by the California Public
Utilities Commission (CPUC). Prepaid mobile providers like TracFone and Simple
Mobile largely serve immigrant and working families.

The rally/protest follows a recent press conference of several state leaders
including Los Angeles State Senator Kevin De Leon and State Senator Ricardo
Lara for more government oversight on mergers that could harm millions of
underserved Californians, which included new legislation that ensures the CPUC
has the authority and discretion to review mergers involving pre-paid cell
phone services when it's in the best interest of the public.

DATE:Thursday, December 6, 2012

TIME:11:30 AM PST

WHERE: Outside of  California Public Utilities Commission (CPUC) Building
320 W. 4th Street, Los Angeles, CA 90013
Between Hill & Broadway

WHO:Juan Jose Gutierrez, Two Countries One Voice & President of Vamos Unidos
USA
Andres Ramirez, Two Countries One Voice
Hundreds of community advocates rallying in front of CPUC

VISUAL: Large mechanized Carlos Slim Pac-Man-like puppet and oversized
Pac-Man-like inflatable

BACKGROUND: Carlos Slim's power and fortune is made up primarily from his
monopoly on the Mexican telecommunications system, which has overcharged
billions of dollars to the Mexican people, especially to the rural poor. The
welfare loss Mexico has endured is estimated at $129 billion.

According to the independent and highly respected The Organization for
Economic Cooperation and Development (OECD), Slim's company, America Movil,
which controls nearly 80% of the total Mexican cell and landlines, charges
exorbitant prices and provides inadequate services. OECD's report also shows
that Slim has price-gouged Mexican customers billions of dollars for basic
telephone and Internet service. They point out that those specifically and
most profoundly affected by these business practices are rural and poor
communities.

When Slim's company, TracFone, purchased California-based Simple Mobile in
June 2012, the CPUC did not require hearings or scrutiny of the acquisition.
The current law does not require the CPUC to hold hearings and is
prescriptive as to when the CPUC may deem additional hearings necessary in the
public interest. 

In the United States, Slim has four million TracFone customers participating
in government phone assistance programs. Slim has collected $10 per phone he
provides to these consumers, totaling a minimum of $38 million in U.S. federal
subsidies this year alone. Yet, TracFone refuses to pay its share of the
public services fee that funds California's programs for the poor. By some
conservative estimates, TracFone may be liable for $13 million in unpaid fees
and additional penalties to the CPUC.

SOURCE Two Countries One Voice

Contact: Melisa Diaz, +1-202-285-0785, melisa@melisadiaz.com
 
Press spacebar to pause and continue. Press esc to stop.