The EU Commission imposes a fine of €124.5 million for gun jumping to a multinational cable and telecommunications company (Alice / PT Portugal)

COMMISSION IMPOSES UPON DUTCH CABLE & TELCO COMPANY ALTICE A RECORD FINE OF €125 MILLION FOR GUN JUMPING UNDER THE EU MERGER REGULATION* On 24th April 2018 the European Commission announced that it had imposed a fine of €124.5 million on Altice, the multinational cable and telecommunications company based in the Netherlands, for implementing its acquisition of the Portuguese telecommunications operator PT Portugal before notification or approval by the Commission (“gun jumping”). This is by far the largest fine imposed by the Commission on a company for gun jumping under the EU Merger Regulation. This

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  • Bryan Cave Leighton Paisner (London)

Quotation

Robert Bell, The EU Commission imposes a fine of €124.5 million for gun jumping to a multinational cable and telecommunications company (Alice / PT Portugal), 24 April 2018, e-Competitions Bulletin April 2018, Art. N° 88522

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