Spanish Regulators Protest Fine In Telefonica Case

Law360, New York (July 13, 2007, 12:00 AM EDT) -- Spain's competition authority has called on the Spanish government to appeal last week's European Commission decision to fine telecommunications company Telefonica SA a whopping €152 million for anti-competitive behavior.

Spanish regulator CMT said in a statement on Thursday that it would call on the government to appeal the fine to the European Court of Justice on the grounds that inconsistencies in the Commission's ruling undermine its previous decisions in telecommunications cases.

In response, the Spanish government said that it would closely examine the ruling, and would...
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