A PYMNTS Company

UK: Royal Mail fined record £50m for abuse of dominance

 |  August 14, 2018

Royal Mail has been fined a record £50 million (US$63.6 million) by the UK communications regulator for breaching competition law when it discriminated against its only major rival for delivering letters.

Ofcom stated the company abused its dominant position by penalising wholesale customers that sought to deliver bulk mail such as bank statements and council tax demands door to door.

The penalty followed an investigation into a complaint by Whistl about changes Royal Mail made to wholesale customer contracts in early 2014, including price increases.

Full Content: BBC News

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