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Court Upholds France Telecom’s €10M Antitrust Fine

Law360 (January 30, 2007, 12:00 AM EST) -- The European Union’s second-highest court has upheld a fined levied against France Telecom for allegedly engaging in anti-competitive behavior, ruling that the company must pay the €10.35 million penalty.

The European Court of First Instance ruled that France Telecom subsidiary Wanadoo Interactive must pay the fine imposed by the European Commission in 2003 for abuse of dominant market position.

An E.C. investigation revealed that Wanadoo had set access prices for high-speed Internet below the market value in order to gain an advantage over competitors.

Wanadoo, which...
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