Poland Fines Telecom Co. Despite E.C. Disapproval

Law360, New York (February 21, 2007, 12:00 AM EST) -- The Polish competition watchdog has slapped an €87 million fine on the country’s largest telecommunications provider for lowering its Internet prices without getting approval, a move that brought criticism from the European Commission.

The penalty against Telekomunikacja Polska (TP), a France Telecom subsidiary, sets a record in Poland’s fines for anti-competitive behavior, AFX News Ltd. reported.

A spokesperson for the Polish competition authority could not be reached on Wednesday. A representative for TP also could not be reached.

The agency claimed the telecom company took advantage...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.