A PYMNTS Company

South Africa: Tribunal fine for Telkom appealed

By  |  November 26, 2012

The Competition Commission is looking into increasing a $50 million fine first administered Telkom SA last August by the Competition Tribunal. The Commission had originally ought a fine of up to $385 million, but according to a spokesperson, the fine had been reduced after a decision to not pursue a case against Telkom for price discrimination and excessive price fixing. The appeal to increase the fine will now include these cases, though did not release information on the exact fine it plans to land against the company already fined for abuse of dominance. Telkom will also reportedly appeal the fine.

    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.

    CORRECTION:

    CPI has revised the headline and content of this piece. The Tribunal originally administered the fine of $50 million; the Competition Commission is appealing the fine in the Competition Appeals Court and seeking a higher fine. The original piece incorrectly stated that the Tribunal was appealing the fine.

    Full Content: Reuters

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