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Europe Daily Bulletin No. 9461

5 July 2007
GENERAL NEWS / (eu) eu/competition
Commission fines Telefónica €151 million for abusing its dominant position on broadband Internet access

Brussels, 04/07/2007 (Agence Europe) - On Wednesday 4 July, the European Commission fined the incumbent Spanish telecommunications operator, Telefónica, €151,875,000 for a very serious abuse of its dominant position on the Spanish broadband internet access market. By squeezing the margins between the wholesale prices charged to competitors and the retail prices charged to its own customers, the company weakened its competitors, making their continued presence and growth...

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