Collusion probe is latest woe for Telefonica

Reuters - Telefonica arrived from Spain framing the expansion as a social crusade as much as a business. But from a business perspective, Telefonica has spent a fortune while remaining a low-end brand, and it has run into regulatory trouble.

www.reuters.com/article/2012/04/26/mexico-telecom-idUSL2E8DF5LE20120426