On Tuesday 25 January, the European Commission re-adopted a decision against Telefónica and Pharol (formerly Portugal Telecom) and decided to impose a fine of €66,894,000 on Telefónica and €12,146,000 on Pharol for entering into a non-compete agreement, in violation of EU rules.
In January 2013, the Commission fined Telefónica and Portugal Telecom for agreeing not to compete with each other on the Iberian telecommunications markets. This was in violation of Article 101 of the...