The EU Commission fines €125 million a multinational cable and telecommunications company for gun jumping (Alice / PT Portugal)

On 24 April 2018, the European Commission (EC) fined Altice €124.5 million (the highest fine imposed in Europe for gun-jumping) for the acquisition of PT Portugal without having notified the operation to the EC and obtained the mandatory clearance. In February 2015, Altice notified to the EC its plans to acquire PT Portugal. The transaction was conditionally cleared by the EC on 20 April 2015, subject to the divestment of Altice's businesses in Portugal. However, the EC

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Auteurs

  • Callol, Coca & Asociados (Madrid)
  • Callol, Coca & Asociados (Madrid)
  • Callol, Coca & Asociados (Madrid)
  • Callol, Coca & Asociados (Madrid)
  • Callol, Coca & Asociados (Madrid)

Citation

Pedro Callol, Manuel Canadas Bouwen, Jorge Manzarbeitia, Enrique Fayos, Laura Moya, The EU Commission fines €125 million a multinational cable and telecommunications company for gun jumping (Alice / PT Portugal), 24 avril 2018, e-Competitions April 2018, Art. N° 95269

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