A PYMNTS Company

Greece: CyTA fined for violating competition laws

By  |  June 23, 2015

A local regulator has fined state telecoms company CyTA and Greece’s Forthnet AE €2.9 million and €2.3mln respectively for violating competition laws through an agreement to broadcast several Greek pay television channels to the Cypriot market.

    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.

    The two companies signed an exclusive agreement in 2011 to broadcast, through CyTA’s television arm, Cytavision, NOVACINEMA and NOVASPORTS.

    The two companies were found in violation of three articles relating to restricting competition through indirect price fixing, restricting or control of production, availability, technological development and investment, and geographical sharing of markets or supply sources.They must avoid a repeat of the practice in the future, CPC chief Loukia Christodoulou.

    “They are required to cease the violations immediately,” Christodoulou said.

    Full content: Cyprus Mail

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