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EU Fines Telefonica SA, Portugal Telecom SGPS SA-DJ
Dow Jones reported that European Union regulators on Wednesday slapped a combined fine of EUR79 million on Telefonica SA and Portugal Telecom SGPS SA after the two telecommunications firms agreed not to compete with one another in the Iberian market. The European Commission said the non-compete clause for Spain and Portugal was illegal under European Union law and that Telefonica will be fined EUR66.9 million euros and Portugal EUR12.3 million.
Latest Developments for Telefonica SA
- Telefonica SA expects to close deal for Vivendi SA's GVT by mid-2015-DJ
- Telecom Italia SpA acknowledges Vivendi decision on GVT unit entering into exclusive talks with Telefonica SA-Reuters
- Vivendi SA receives offers for wholly-owned subsidiary GVT from Telecom Italia and Telefonica
- Vivendi SA receives an offer for GVT from Telefonica SA
Latest Key Developments in Integrated
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