MADRID (AP) - Spain's National Competition Commission has fined top telecommunications operators Telefonica, Vodafone and Orange a total of (EURO)120 million ($159 million) for abusing their dominant position and charging excessively high prices for texts and multimedia messages.
The commission said Thursday that between 2000 and 20009 the three companies exploited the absence of regulation to maintain artificially high wholesale prices for operators without their own networks. It said this led to higher retail prices for short messages and created barriers for companies wishing to enter or expand in the market.
Telefonica was fined (EURO)46.5 million, Vodafone (EURO)43.5 million and Orange (EURO)30 million. The three said they would appeal.
Independent voices from the TWT Communities
A carefully guided tour through the confusing world of modern bookselling and publishing.
Empowering mind/body/spirit and health dialogue along with cutting-edge, conscious social, political, and world commentary with Adam Omkara. Join the Evolution!
A politically conservative and morally liberal Hebrew alpha male hunts left-wing viper
World's Ugliest Dog Contest
26 Photos
Spelling Bee finale
45 Photos
Marines train Afghan soldiers
4 Photos
Rolling Thunder 2013
24 Photos
Benghazi: The anatomy of a scandal
13 Photos
