DS Forums

 
 

Telefónica slapped with €67m anti-competitive fine from EU


Reply
Thread Tools Search this Thread
Old 23-01-2013, 14:27
Everything Goes
Forum Member
 
Join Date: Mar 2002
Location: In the future....
Posts: 11,259

Things go from bad to worse for Telefónica. It has been fined €66.8m by the European Commission for agreeing not to compete with Portugal Telecom, which was slapped with a lighter €12m penalty by Brussels officials.

The two companies were found to be in breach of Article 101 of the Treaty on the Functioning of the European Union (TFEU), which bans anti-competitive behaviour among corporations, the EC said.

Serves them right for that sort of behaviour!

It currently has a net debt of €58bn, so such a multimillion euro fine will be most unwelcome.

Could this push them over the edge? No doubt more assets will be sold.

http://www.theregister.co.uk/2013/01...tugal_telecom/
Everything Goes is offline   Reply With Quote
Please sign in or register to remove this advertisement.
Old 23-01-2013, 14:43
DevonBloke
Forum Member
 
Join Date: Apr 2011
Location: Totnes, Devon
Posts: 6,694
Doesn't look good does it. If O2 are supposed to be aggressivley rolling out 3G now, where there the hell are they getting the money from?
DevonBloke is offline   Reply With Quote
Old 23-01-2013, 14:46
flagpole
Inactive Member
 
Join Date: Jan 2003
Posts: 43,524
and these fines will be returned to Portugal's mobile phone users or added to the European slush fund.
flagpole is offline   Reply With Quote
Old 23-01-2013, 14:59
Everything Goes
Forum Member
 
Join Date: Mar 2002
Location: In the future....
Posts: 11,259
Doesn't look good does it. If O2 are supposed to be aggressivley rolling out 3G now, where there the hell are they getting the money from?
As aggressive as a dead sheep
Everything Goes is offline   Reply With Quote
 
Reply




 
Forum Jump


All times are GMT. The time now is 11:05.