UPC fined PLN775,000 fine for concealing report

2 Feb 2012

Poland’s anti-trust watchdog the Office of Competition and Consumer Protection (UOKiK) has issued a fine worth PLN775,000 (USD241,320) to UPC Poland for providing false information regarding possession of documents relating to the US-backed company’s takeover of Aster. UPC, a subsidiary of Liberty Global Inc (LGI), agreed to purchase 100% of rival cableco Aster in December 2010, subject to regulatory approval. During its assessment of the proposed merger, the UOKiK requested any reports or analyses possessed by the companies relating to pay-TV access in Poland. UPC, however, concealed relevant market analysis documents demonstrating that, in certain cities, the concentration of accesses controlled by the combined entity would have a significant impact on the local market. According to a press release from the regulator, the financial sanction is not final, however, and may be appealed. Imposing penalties for providing false information is not common practice in Poland; the fine issued against UPC is the first such action since 2008.

Poland, Aster, UPC Poland