A PYMNTS Company

Spain: Telefonica to appeal antitrust watchdog fine

By  |  November 7, 2019
sede telefonica madrid

Telefonica said on Thursday, November 7, it would appeal a 6 million euro (US$6.7 million) fine lodged by Spain’s antitrust watchdog CNMC over accusations of discriminating against competitors when carrying out repairs on its high-speed networks, reported Reuters. 

    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 company said it planned to appeal the fine in Spain’s High Court, adding in a statement that it had detected “some biases” in the regulator’s investigation.

    The Spanish telecoms group, which owns telecommunications networks throughout the country, is obliged to share the grid with competitors at regulated rates and under the terms set out by the CNMC.

    Telefonica was fined for delays, dating back to 2017 and 2018, on repairs when answering breakdowns on telecommunications networks rented to competitors, the CNMC said in a statement earlier on Thursday.

    Full Content: Reuters

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