Telecom Italia Fined $131 Million for Broadband Market Abuse
Italy's competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position in the broadband market in an attempt to obstruct the entrance of rivals. From a report: The Italian antitrust authority said in a statement that Telecom Italia had conducted a "premeditated anti-competition strategy" aimed at hindering its competitors' investments in ultra-fast broadband. The authority opened its investigation into TIM's superfast broadband rollout and wholesale pricing plans three years ago after TIM, then headed by Chief Executive Flavio Cattaneo, announced a plan, dubbed Cassiopea, to roll out fast broadband in so-called uneconomic areas. TIM had initially said it would not roll out broadband in areas where it could not guarantee a return on its investment, forcing Rome to step in with state subsidized tenders.
from Slashdot https://ift.tt/2PSwMUo
Read more of this story at Slashdot.
from Slashdot https://ift.tt/2PSwMUo
0 Response to "Telecom Italia Fined $131 Million for Broadband Market Abuse"
Post a Comment