Maxcom Calls Phone Regulator’s Fine Recommendation Meritless

Maxcom Telecomunicaciones SAB said a fine against the company recommended by Mexico’s Federal Telecommunications Commission is meritless.

Maxcom hasn’t been notified of any procedure related to the fine, it said today in a filing to the U.S. Securities and Exchange Commission. The telecommunications agency, which announced its recommendation last week, didn’t disclose the amount of the fine, which would have to be approved by the nation’s Communications and Transportation Ministry.

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