CGATES FINED FOR SUBMITTING INCORRECT AND INCOMPLETE INFORMATION IN MERGER REVIEW PROCESS* The Lithuanian competition authority Konkurencijos taryba found that information provided by the Lithuanian telecommunications service provider Cgates, which was necessary for the authority to be able to assess the potential impact of the merger on competition, was incorrect and incomplete. Such infringement of the Law on Competition resulted in EUR 215,100 fine on the company. On 24 January 2019, Cgates notified Konkurencijos taryba of the intended acquisition of 100 per cent of the shares of its
Share on
|
|
The Lithuanian Competition Authority fines the national telecommunications service provider €215.1K for submitting incorrect and incomplete information which impeded the assessment of a merger’s potential impact on competition (Cgates)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
