Cyta appealing anti-competition fine

26 Jan 2011

The Cyprus Mail reports that Cyprus Telecommunications Authority (Cyta) plans to appeal a EUR3.4 million (USD4.6 million) fine for violating competition regulations to the Supreme Court. The Committee for the Protection of Competition (CPC) fined the state-owned former monopoly telco following claims from alternative operators Thunderworx and Netsmart that Cyta had refused to provide the necessary substructure and services to enable the pair to launch a full range of local telecoms services. Cyta’s deputy manager George Koufaris claimed that Cyta had not inhibited free competition and had therefore decided to appeal the ruling, although it had partly paid the fine and planned to hand over the balance shortly.