A PYMNTS Company

Italian Operators EU Fine Payment Extended Due To COVID-19

By  |  April 21, 2020

Italy’s antitrust and competition authority AGCM has extended to October 1 the deadline by which the operators Telecom Italia (TIM), Wind Tre, Vodafone Italia, and Fastweb need to pay a fine for their 28-day billing practices. The four operators were fined a total of €228 million (US$247.25 million) earlier this year after the watchdog accused them of infringing competition rules by collectively agreeing to raise their prices after introducing 28-day billing in 2017.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    However, in line with the provisions of the “Cura Italia” legislative decree issued on March 17, 2020, on account of the coronavirus emergency, the regulator has decided to extend the deadline for the payment of the fines from May 15 to October 1. Following the antitrust probe, AGCM fined TIM a total of over €114 million (US$123.6 million), Vodafone nearly €60 million (US$65.06 million), Wind Tre almost €39 million (US$42.3 million), and Fastweb over €14 million (US$15.18 million).

    Full Content:

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.