Italy’s antitrust authority announced on Friday, January 31, it had fined Italy’s top four phone operators a total of €228 million euros (192US$252.9 million pounds) for breaching competition rules by collectively agreeing to raise their prices.
The watchdog opened a probe against Telecom Italia, Vodafone, CK Hutchison’s unit Wind Tre, and Swisscom’s Fastweb in 2018, claiming the carriers had agreed to raise tariffs after they had been forced to scrap a billing scheme based on 28 days rather than a full month.
Italian consumer association Altroconsumo, which actively campaigned against the companies’ billing practices, stated the fines were equal to €114 million (US$126.4 million) euros for Telecom Italia, €60 million (US$66.6 million) euros for Vodafone, €39 million (US$43.3 million) euros for Wind Tre and the rest for Fastweb.
Full Content:
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Agri Stats Must Face Price-Fixing Lawsuit, Judge Rules
May 29, 2024 by
CPI
States Ramp Up Antitrust Efforts with Expanding Legal Teams
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI