CNMC issues Telefonica EUR3m fine for overcharging BT

24 Apr 2017

Spain’s anti-trust watchdog the National Commission on Markets and Competition (Comision Nacional de los Mercados y la Competencia, CNMC) has issued Telefonica a fine of EUR3.0 million (USD3.2 million) for charging BT higher fees than stipulated in its reference offer for leased line circuits. The CNMC notes that Telefonica charged BT monthly quotas that were higher than the regulated prices established in its reference offer between October 2015 and June 2016, thus impacting BT’s competitiveness and causing the operator to lose 1.8 percentage points of market share. Telefonica has two months to appeal the ruling.

Spain, BT Espana, Telefonica