Estimated read time: 1-2 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
MADRID (AP) - Spain's National Competition Commission has fined top telecommunications operators Telefonica, Vodafone and Orange a total of (EURO)120 million ($159 million) for abusing their dominant position and charging excessively high prices for texts and multimedia messages.
The commission said Thursday that between 2000 and 20009 the three companies exploited the absence of regulation to maintain artificially high wholesale prices for operators without their own networks. It said this led to higher retail prices for short messages and created barriers for companies wishing to enter or expand in the market.
Telefonica was fined (EURO)46.5 million, Vodafone (EURO)43.5 million and Orange (EURO)30 million. The three said they would appeal.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)