EU Court To Hear Telefonica's €152M Antitrust Fine Appeal

Law360, New York (May 15, 2013, 7:50 PM EDT) -- The European Union's highest court will weigh Telefonica SA's bid to overturn its €151.9 million ($195.6 million) antitrust fine Thursday, with the Spanish telecommunications giant set to argue that the margin squeeze penalty violated its property rights for its broadband network.

The European Court of Justice is set to hear arguments from Telefonica challenging a March 2012 ruling from the General Court that upheld the European Commission's abuse of dominance penalty against Spain's former telecom monopolist.

In 2007, the watchdog found that Telefonica had operated a...
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