The French Competition Authority sanctions companies for implementing a transaction which has been notified to the FCA but has not yet received a clearance decision in the telecommunications industry (Alice & SFR / OTL)

FRENCH COMPETITION AUTHORITY IMPOSES ITS FIRST EVER FINE FOR GUN-JUMPING* For the first time ever, on 8 November 2016 the French Competition Authority (FCA) sanctioned companies for implementing a transaction that had been notified to the FCA but not yet received a clearance decision, behaviour commonly known as “gun-jumping”. The FCA has imposed a hefty fine of €80 million on Altice Luxembourg and SFR Group jointly and severally for implementing two proposed acquisitions in the telecommunications industry before obtaining the FCA’s clearance. The FCA has previously imposed fines on companies for failing to notify a concentration,

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Authors

  • United Kingdom’s Competition Authority - CMA (London)
  • Franklin (Paris)

Quotation

Louise Aberg, Lionel Lesur, The French Competition Authority sanctions companies for implementing a transaction which has been notified to the FCA but has not yet received a clearance decision in the telecommunications industry (Alice & SFR / OTL), 8 November 2016, e-Competitions November 2016, Art. N° 92761

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