The Cypriot Competition Authority fines the incumbent telecom for provision of inaccurate and misleading information during its ex officcio investigation of fixed telephony services using VoIP technology (CYTA)

On 8 September 2006 the Cyprus Commission for the Protection of Competition (C.P.C.) reached a decision regarding its ex officio investigation of the services of fixed international telephony “CYTA 1818” and “Direct International VoIP” offered by the Cyprus Telecommunications Authority (CYTA), finding that the retail rates fixed by CYTA during the period under examination were not below the total average cost, and as such were not unfair. Yet, the C.P.C. imposed a fine of CYP £1,000 on CYTA for intentional or negligent provision of inaccurate and misleading information during the investigation of the case, contrary to section 24(4) of the Law for the Protection of Competition (Law 207 of 1989) - modeled on article 10 EC Treaty - which establishes a duty of sincere cooperation. A] Factual