Italy’s antitrust authority announced on Friday, January 31, it had fined Italy’s top four phone operators a total of €228 million euros (192US$252.9 million pounds) for breaching competition rules by collectively agreeing to raise their prices.
The watchdog opened a probe against Telecom Italia, Vodafone, CK Hutchison’s unit Wind Tre, and Swisscom’s Fastweb in 2018, claiming the carriers had agreed to raise tariffs after they had been forced to scrap a billing scheme based on 28 days rather than a full month.
Italian consumer association Altroconsumo, which actively campaigned against the companies’ billing practices, stated the fines were equal to €114 million (US$126.4 million) euros for Telecom Italia, €60 million (US$66.6 million) euros for Vodafone, €39 million (US$43.3 million) euros for Wind Tre and the rest for Fastweb.
Full Content:
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI