The French Competition Authority fines €80 million a multinational telecom company for the premature completion of two mergers (Altice & SFR / OTL)

The Autorité de la concurrence fines the Altice group 80 million euros for the premature completion of two mergers notified in 2014* The Autorité de la concurrence issued a decision today to fine jointly Altice Luxembourg and SFR Group 80 million euros, in application of Section II of Article L. 430-8 of the French Commercial Code (Code de commerce), for having prematurely completed two mergers, notified in 2014, in the electronic communications sector. Altice and SFR Group have contested neither the reality of the concerned practices, nor their legal characterisation. This decision is the first to be issued in Europe or anywhere else in the world in terms of the scale of practices sanctioned and the amount of fines handed out [1]. It is also the first decision of this kind in France.

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.

 

PDF Version

Author

Quotation

French Competition Authority, The French Competition Authority fines €80 million a multinational telecom company for the premature completion of two mergers (Altice & SFR / OTL), 8 November 2016, e-Competitions Telecom & Dominance, Art. N° 82323

Visites 282

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues