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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI