Telecom Italia was unsuccessful in its appeal of an antitrust fine issued to the company for abuse of market dominance, reports say, as a federal court rejected the appeal Thursday.
Telecom Italia was fined nearly $145 million by Italy’s antitrust regulator last year after finding evidence the telco blocked wholesale and retail access to its fixed-line assets. The practice, the regulator found, barred rivals from entering the phone and Internet service provider market.
The company, which is Italy’s largest fixed-line telephone network owner, appealed the fine, but the Lazio region local administrative court found the sanctions to be justified, according to reports.
Full content: Reuters
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