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Slim, who is one of the world's richest people, denied on Tuesday that he has a monopoly on telecommunications in Mexico, telling reporters that his phone companies have either kept prices the same or reduced them. He denied any of his businesses are monopolies. "What does monopoly mean? One," he said, adding that "if we have less than 100 percent of the market it means that there are other competitors." Asked about Televisa's potential entry into Mexico's mobile-phone market, he said that he didn't fear competition. "We aren't afraid of competing with anyone," he said. "What we want is that they invest, that they don't take advantage of our investments." Slim's companies have pulled their advertising from Televisa and TV Azteca, saying they overcharge, and he has accused the two TV operations of monopolistic practices. He has been trying to get the government's permission to enter Mexico's pay-television market, a request that has been opposed by Televisa.
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