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E.U. Smacks Telefonica With Antitrust Allegations

Law360 (February 22, 2006, 12:00 AM EST) -- The European Union has slapped Spanish telecommunications giant Telefonica S.A. with formal antitrust charges, accusing the company of abusing its dominance in the broadband Internet access market and unfairly trying to shut out rivals.

On Wednesday, The European Commission charged Telefonica with engaging in a “market squeeze” that served to undermine competition from rival Internet broadband providers.

The Commission’s action represents the latest battle in Europe’s ongoing struggle to open up its telecommunication markets and move away from a monopolistic system.

Telefonica stands accused of engaging...
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