Brussels, 24/01/2011 (Agence Europe) - On Monday 24 January, the European Commission announced the opening of a formal investigation to ascertain whether the Spanish and Portuguese telecoms incumbents Telefónica S.A. and Portugal Telecom SGPS S.A. have breached EU rules by agreeing not to compete with each other in their home markets.
The agreement being investigated was signed last year, when Telefónica acquired sole control over Telefónica's and PT's previously-held Brazilian joint...