South Africa Fines Telkom $55M Over Competition Violations

Law360, New York (August 7, 2012, 2:52 PM EDT) -- South Africa hit Telkom SA Ltd. with a R449 million ($55 million) fine for abusing its dominant position in the telecommunications market from 1999 and 2004, declining to impose a stiffer R3.2 billion ($393 million) penalty sought by South Africa's competition watchdog.

The Competition Tribunal of South Africa's ruling comes more than seven years after the matter was referred to it by the country's competition commission in 2004, a move that followed a complaint from the South African Vans Association and 20 other Internet service providers....
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