A PYMNTS Company

EU/Spain: Commission mulls veto of Spain’s telecom watchdog order

By  |  June 28, 2013

The European Commission announced Thursday its suspension of a proposal set forth by Spain’s telecommunications regulator, the CMT, which allows the nation’s dominant operator, Telefonica, to set prices of sold broadband services. According to the Commission, the proposal would determine prices based on a combination of both a cost model and Telefonica’s accounting data and benchmark; the result would be prices 50 percent higher than cost-efficient levels, said the watchdog. The proposal has been suspended over concerns the regulation is not in line with EU telecom policy and the rules’ potential negative effects on competition. The Commission sent a letter to the CMT, which now has three months to resolve the issue with the EU.

    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.

    Full Content: Europa

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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