Virgin Media Loses Appeal Against Watchdog's £7M Fine
Law360, London (January 29, 2020, 2:20 PM GMT) -- Virgin Media failed on Wednesday to upend a £7 million ($9 million) fine imposed by Britain's telecoms regulator for overcharging broadband customers, as a specialist antitrust tribunal ruled that the penalty was “appropriate and proportionate.”
The Competition Appeal Tribunal found that Ofcom did not treat Virgin Media Ltd. unfairly when it fined the company for penalizing customers who quit broadband and phone contracts early.
Judge Sarah Falk and the two solicitors who joined her on the panel said the incident was not a simple oversight and that the regulator had sent a message to warn other telecoms companies.
“While senior management were...
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