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AMOV - America Movil SAB De CV News Story

$13.87 0.0  0.3%

Last Trade - 05/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £33.05bn
Enterprise Value £57.43bn
Revenue £36.22bn
Position in Universe 270th / 6846

FCC proposes to fine TracFone Wireless $6 million for subsidy violations

Thu 2nd April, 2020 9:17pm
WASHINGTON, April 2 (Reuters) - The Federal Communications
Commission on Thursday proposed to fine TracFone Wireless $6
million for allegedly violating its rules governing the subsidy
program for telecommunications services for low income users.
    The FCC said TracFone apparently claimed federal funding for
customers "who were not actually determined to be eligible for
the program."
    The Lifeline program provides a monthly discount of up to
$9.25 on broadband and phone service for qualifying low-income
consumers. TracFone, a unit of America Movil  AMXL.MX , did not
immediately comment.

 (Reporting by David Shepardson
Editing by Chris Reese)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))
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