Jazztel seeks damages

18 Nov 2005

The Spanish telco Jazztel is suing the country’s former monopoly operator Telefónica for abusing its dominant position. Dow Jones reports that Jazztel is seeking a total of EUR793 million damages from two separate cases which have been filed with the antitrust authority and the civil court. It claims that Telefónica has been slow in providing DSL connections and that this is causing it to lose out in the broadband market. Jazztel reported a net loss of EUR49.8 million in its third-quarter financial results and blamed part of this on its larger competitor’s tactics.