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Spain: Telefonica to reduce investment after antitrust proposal

By  |  February 2, 2015

Telefonica, Spain’s largest fiber optic provider, has decided to reduce its planned investment in its fiber optic network after Spain’s antitrust body said it was looking at making it open up the network to its rivals.

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    “The CNMC’s proposal to open up fibre optic across most of the country, obliges a future review of the investments and where they will be,” according to a Telefonica internal report on Monday.

    In December, the competition watchdog CNMC proposed that Telefonica should open its fiber optic cable network across Spain except for nine major cities to ensure competition and promote investment in next-generation access networks.

     

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