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Europe Daily Bulletin No. 12876

26 January 2022
Contents Publication in full By article 22 / 34
ECONOMY - FINANCE - BUSINESS / Competition
European Commission fines Telefónica and Pharol (again) €79 million for entering into non-compete agreement
Brussels, 25/01/2022 (Agence Europe)

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...

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EU RESPONSE TO COVID-19
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