The European Commission has reportedly sent a notice to Spain’s competition regulator the CNMC over the watchdog’s planned price-fixing of broadband services for telco giant Telefonica.
The CNMC, which absorbed Spain’s telecommunications authority the CMT, will be required to either amend or abandon the proposal to lower prices charged to competing companies to use Telefonica’s network. The proposal was first developed by the CMT.
In response to the regulation, however, EU watchdogs announced Wednesday that the CNMC’s proposal “still lacks transparency…as CNMC failed to justify in detail the price levels set.” The Commission also warned that it would take legal action if changes to the telco regulation are not made.
According to reports, the EU first warned the telco authority last June that its proposals did not align with EU competition rules.
Full content: My Broadband
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI