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Greece: CyTA fined for violating competition laws

 |  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.

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

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