A PYMNTS Company

Spain: Telefonica fined for lack of communications with authorities

By  |  February 10, 2014

Spain’s telco leader Telefonica has been fined more than $680,000 for what local competition authorities called “very serious” breaches of policy.

    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.

    Reports say telco watchdog CNMC issued the fine after Telefonica failed to notify authorities of its pricing and policy plans for new internet and television packages; such is required by dominant operators.

    The company also reportedly blocked access to premium numbers run by a rival telco.

    The CNMC released a statement calling the sanctions necessary to preserve competition in the industry.

    Full Content: WTAQ

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