France Telecom, Vivendi Get €20M In Fines Reversed

Law360, New York (January 28, 2011, 5:04 PM EST) -- A French appeals court has reportedly struck down €20 million ($27 million) in fines imposed by France’s competition watchdog against France Telecom SA and Vivendi SA’s SFR subsidiary for anti-competitive pricing in the cell phone industry.

The Paris Court of Appeals on Thursday overturned a fine of €18 million against France Telecom and a fine of €2 million against SFR, concluding that the regulator failed to show that the companies blocked competitors from entering the market, according to French publication Les Echos.

The French Competition Authority...
To view the full article, register now.