HindustanTimes Sat,29 Nov 2014

Other Stories

Spain fines top 3 telecoms companies $159 million
December 21, 2012
First Published: 15:35 IST(21/12/2012)
Last Updated: 15:36 IST(21/12/2012)

Spain's National Competition Commission has fined top telecommunications operators Telefonica, Vodafone and Orange a total of (EURO)120 million ($159 million) for abusing their dominant position and charging excessively high prices for texts and multimedia messages.

The commission said Thursday that between 2000 and 20009 the three companies exploited the absence of regulation to maintain artificially high wholesale prices for operators without their own networks. It said this led to higher retail prices for short messages and created barriers for companies wishing to enter or expand in the market.

Telefonica was fined (EURO)46.5 million, Vodafone (EURO)43.5 million and Orange (EURO)30 million. The three said they would appeal.

comment Note: By posting your comments here you agree to the terms and conditions of
blog comments powered by Disqus
Copyright © 2014 HT Media Limited. All Rights Reserved