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Spain: CNMC fines Telefónica for inflating lease prices

 |  April 24, 2017

Spanish telecommunications giant Telefónica has been caught inflating prices by competition regulator CNMC, with British rival BT being charged fees that go beyond the government-regulated prices intended to incentivize network development.

Telefónica is obligated to provide access to its network infrastructure to new competitors, allowing them to offer a choice of High-Capacity broadband services to commercial and business clients. The system is regulated by the government via the Line Rental Reference Offer (ORLA) which sets maximum prices. The CNMC has called Telefónica’s actions a serious violation of competition laws, fining the company €3 million euros.

Full Content: Ticbeat

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