Mexicans fork out billions for mobile phone and internet overcharging

[Derrick]

http://mybroadband.co.za/news/cellul...-services.html

Mexicans have been overcharged $13.4 billion a year for phone and internet services as the industry dominated by billionaire Carlos Slim gouges customers and keeps the economy from growing, a study released on Monday said...

[yebocan]

Glad to know the SA.Inc is not the only one getting screwed, royally, with no lubrication.

[hungrybeaver]

It seems to be the trend in 3rd world countries.

[Marcan]

So Carlos Slim might be the second richest man in the world after Bill Gates, but he stole unimaginable amounts of money with his monopolies from his own Mexican people. Just as we allowed Microsoft to overcharge us tremendously with their OS/Software products and create their near monopoly. And allowed Vodascum and EmptyN to collude, fix prices up till 2010. All these CEOs of these companies CS, BG, AKC, PN belong in jail.

[evilstebunny]

It seems to be the trend in 3rd world countries.

The very countries that need lower comms costs to grow their economies. Sad.

[stm101]

Mexicans have been overcharged $13.4 billion a year for phone and internet services

So how much are South Africans overcharged by Telkom and the cellular providers? Has someone worked it our yet.

I agree Marcan, it is criminal.

[falcon786]

So Carlos Slim might be the second richest man in the world after Bill Gates, but he stole unimaginable amounts of money with his monopolies from his own Mexican people. Just as we allowed Microsoft to overcharge us tremendously with their OS/Software products and create their near monopoly. And allowed Vodascum and EmptyN to collude, fix prices up till 2010. All these CEOs of these companies CS, BG, AKC, PN belong belong in jail.

The untouchables unfortunately,they have alot of politicians in their back pockets so they wont be seeing a jail cell anytime soon.But I sort of disagree as its not the CEO's directly,they answer to the greedy shareholders.....so who is really to blame?

I still say government for not weeding these kinds of practices out in the first place.

[ebudae]

Sound like the telecoms story of South Africa.