France Telecom Hit With €63M Antitrust Fine

Law360, New York (December 9, 2009, 5:27 PM EST) -- France's competition authority has doled out €63 million ($92 million) in fines to France Telecom SA, that country's third-largest phone company, for stunting competition through exclusive contracts and pricing plans.

The Autorite de la Concurrence announced the penalty in a statement Wednesday, saying France Telecom violated competition laws related to markets in French overseas territories, including Guadeloupe, Martinique and Guyana.

The company's Orange Caraibe unit took steps to hinder entry of new operators into the markets to maintain its stance as the market leader there, according...
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