We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Telefonica Appeals €151.9 Million Fine

Law360 (September 11, 2007, 12:00 AM EDT) -- Spanish telecom company Telefónica has appealed the landmark €151.9 million fine levied by European Commission competition regulators, calling the penalty “unjust and disproportionate.”

In the appeal, filed with the European Court of First Instance on Monday, Telefónica argues that the Commission relied on economic and judicial errors when imposing the fine.

“Telefónica contests the decision’s legal, economical and market analysis, and underlines that it has fully complied with the existing regulation imposed by the Spanish authority, the Comisión del Mercado de las Telecomunicaciones (CMT),” the company...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.