Cyta appeals EUR3.85 million penalty

24 Jan 2006

Cyta, Cyprus’ state owned fixed line and mobile operator, has been fined CYP2.2 million (EUR3.85 million) for abusing its dominant position in the mobile sector. It will now appeal against the ruling, made by the island’s Competition Commission. The Commission also decided this week that Cyta had not violated the law on price fixing, following charges brought by alternative mobile provider Areeba (Scancom), which accused Cyta of lowering its prices to coincide with it announcing its own range of tariffs.