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Europe Daily Bulletin No. 12008

25 April 2018
Contents Publication in full By article 17 / 35
ECONOMY - FINANCE - BUSINESS / Competition
Altice fined €124.5 million for acquiring PT Portugal before being authorised to do so
Brussels, 24/04/2018 (Agence Europe)

On Tuesday 24 April, the European Commission handed down a fine of €124.5 million to Altice, as it considers that the company took control of the telecoms operator PT Portugal before this operation had been notified to, and authorised by, the institution.

In February 2015, Altice notified its plans to the Commission, which authorised them conditionally on 20 April of the same year. It then sent the Dutch company a statement of objections on 18 May 2017, expressing concerns that the...

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