CMT details retrospective funding for 2006 universal service fund

15 Dec 2009

The Spanish telecoms regulator, the Telecommunication Market Commission (CMT) has announced that Telefonica de Espana and its mobile subsidiary Telefonica Moviles Espana (Movistar), along with Vodafone Spain and Orange Espana, will be called on to contribute retrospectively to the Universal Service National Fund for 2006. According to Trading Markets, the CMT has ruled that as fixed line provider Telefonica is in charge of universal service provision it will be required to contribute EUR29.3 million (USD42.9 million), representing 39% of the total for the twelve-month period. Movistar will pay EUR22.9 million (30%), while Vodafone and Orange will be required to make payments of EUR15.03 million (20%) and EUR8.03 million (11%) respectively.