The EU Commission fines telecom provider € 79 million for illegal non-compete clause (Telefónica, Portugal Telecom)

On 23 January 2013, the European Commission imposed fines of € 66,894,000 on Spanish telecommunications provider Telefónica and € 12,290,000 on Portuguese telecommunications provider Portugal Telecom on account of an agreement between them not to compete with one another in the Iberian telecommunications markets.

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  • Van Bael & Bellis (Brussels)

Quotation

Richard Burton, The EU Commission fines telecom provider € 79 million for illegal non-compete clause (Telefónica, Portugal Telecom), 23 January 2013, e-Competitions Bulletin January 2013, Art. N° 56790

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