The Mexican Institute of Industrial Property (IMPI) has resolved the dispute between Apple and Mexican telecommunications company iFone over the rights to the phonetic name "iPhone", acquitting Apple of any wrongdoing, reports El Universal [Google Translate].
The IMPI found that the "iPhone" trademark can only be infringed by iFone's fellow telecommunications companies. Because Apple is a hardware company and does not own a wireless network, it is not technically infringing the trademark.
Instead, the IMPI will fine Mexican telecommunications companies Telcel, Iusacell and Movistar and require them to remove "iPhone" advertising and branding from its stores within 15 days. Apple will still be allowed to sell iPhones, however.