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Telefonica SA is fined by regulator-Reuters

Monday, 10 Feb 2014 05:34am EST 

Telefonica SA:The company was fined 500,000 euros for two breaches of competition rules in its home market-Reuters.Telefonica failed to make a timely notification to the competition authority, the CNMC, of the prices and conditions of new internet and television packages, as it is required to as a dominant market operator.In a statement, the CNMC said the rules were necessary to allow it to ensure a level playing field for other operators.Telefonica was also found to have blocked access to 11 premium text message numbers being run by another company. 

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