A PYMNTS Company

EU: General Court told to take second look at EC Telefonica fine

 |  September 26, 2013

An adviser to the EU’s top court, the European Court of Justice, told the EU’s second-highest court to take another look at its decision to uphold a $204 million fine issued by the European Commission on Telefonica for 2007, say reports.

The adviser told the General Court it should reassess its decision, which backed the Commission’s fine issued of the wireless giant for spiking fees for competitors to use its broadband network within Spain between 2001 and 2006.

In a statement, Advocate General Melchoir Wathelet said the General Court “has manifestly failed to conduct a full review, as it was required to do.”

Reports say the fine was, at the time, the second-largest ever imposed on a company for abuse of dominance charges.

Full Content: Yahoo Finance

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