Telmex mandates Telefonos de Mexico Ordered to reduce fees

Today Mexico's Federal Telecommunications Commission notified Telefonos de Mexico SAB (Mexico's largest phone company) that it must cut fees to connect calls in rural areas where it's the only provider - by 95 percent. The regulator's decision will reduce fees to about 4 centavos (0.34 cent) a minute from 75 centavos, said a source close to the issue.