Telcel just announced its rates for the iPhone in Mexico and they don't look all that attractive. The company has a good network, but a checkered reputation for price gouging - which explains why its owner, Carlos Slim, is the world's second wealthiest man.

Here's the translation - as lifted from the Reforma newspaper.

8GB phone: $90, including sales tax, 24-month contract required

$50, Plan iPhone I, 200 minutes, 100 MB, 100 SMS
$60, Plan iPhone II, 300 minutes, 150 MB, 150 SMS
$80, Plan iPhone III, 400 minutos,  200 MB, 200 SMS