Law360, New York (October 28, 2009, 5:12 PM EDT) -- South Africa's competition regulator has recommended that the country's largest fixed-line phone provider, Telkom SA Ltd., pay 10 percent of its last year's revenue for allegedly taking advantage of its near-monopoly market position by charging competing Internet service providers excessive prices for services.
South Africa's Competition Commission referred its findings of abuse to the Competition Tribunal for adjudication and asked the body to levy the 10 percent penalty, the agency said in a statement Wednesday.
Telkom has been engaged with the commission over the last two...
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