• Most Popular
  • Most Shared

Spain says mobile operators colluded on price

MADRID
Thu Jul 3, 2008 10:48am EDT

Stocks

   

MADRID (Reuters) - Three mobile phone operators in Spain fixed tariffs in March 2007 to compensate for a new law banning rounding up call periods, Spain's Competition Commission said on Thursday, citing initial findings of an investigation.

Movistar, the mobile telecoms arm of Spain's Telefonica (TEF.MC), France Telecom-owned Orange (FTE.PA) and Vodafone (VOD.L) were anti-competitive by raising in unison the connection charge of a call to 15 cents from 12 cents, the Commission said.

The anti-trust regulator opened an investigation in October after complaints from consumer groups, a spokeswoman for the Commission said. The companies have 15 days to respond to the findings before the Commission writes a final report, she said.

Telefonica declined to comment. No-one at Vodafone or Orange was immediately available to comment.

The Spanish law introduced in March 2007 prevented mobile phone companies rounding up the duration of a call to the nearest minute, cutting a source of revenue for the operators.

More than half of all mobile phone calls are less than one minute long, analysts say.

(Reporting by Ben Harding, writing by Sonya Dowsett, editing by Will Waterman)



More from Reuters

An image of U.S. President Barack Obama is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren

Copenhagen: What of Obama?

President Barack Obama’s decision to attend the climate talks in Copenhagen is said to show the White House is serious about pursuing a deal to curb global warming. What should Obama commit to on climate change? Share your views.  Full Article | Related Story 

    A crown in a file photo. REUTERS/File
    Special Report:

    No longer king of the hill

    When times were good, hedge fund managers could do what they wanted and people still lined up for a piece of the action. What will the post-crash, post-Madoff, post-Galleon hedge fund universe look like?  Full Article