Telefonica's Internet, Phone Policies Draw Antitrust Fines

Law360, New York (February 10, 2014, 3:05 PM EST) -- Competition authorities in Spain announced on Monday that they have slapped the country's leading telecommunications company, Telefonica SA, with €500,000 ($682,200) in fines for a pair of recent policy decisions in its Internet, cable and mobile phone services that amount to a “very serious” violation of antitrust laws.

Telefonica was fined €250,000 for failing to timely notify competition regulators on the terms of its new Internet and television packages, according to the Comision Nacional de los Mercados y la Competencia, or CNMC. The company was hit...
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