MEXICO CITY, June 17 (Reuters) - Mexican

telecommunications giant America Movil said on Tuesday that its

subsidiary Telcel had been fined 1.78 billion Mexican pesos

($93.61 million) for monopolistic practices, a penalty the

parent company called arbitrary and disproportionate.

The fine follows an investigation launched in 2021 at the

request of a competitor over alleged monopolistic practices by

Telcel in the national market for the distribution and

commercialization of SIM cards through convenience store chains.

($1 = 19.0150 Mexican pesos)