Spanish competition fines Abertis telecom group
Spain's competition watchdog slapped Abertis telecom with a EUR 22.6 million fine for abuse of its dominant market position.Madrid – Spain's competition watchdog on Thursday slapped Spanish infrastructure and telecoms group Abertis with a fine of EUR 22.6 million (USD 31 million) for abuse of its dominant market position.
Abertis is the market leader in the distribution of digital and analogue TV signals in Spain and the CNC said the company's telecoms arm charged hefty penalties to firms which cancelled their contracts with it.
It also accused Abertis of proposing deep discounts to its clients which were not justified when it was negotiating contracts in 2006 that its rivals could not compete with.
The CNC opened a case against Abertis for abuse of dominant position after a complaint was filed by network operator Axion and commercial broadcasters Sogecable and Telecinco.
Spanish broadcasters have long accused Abertis of charging them high carriage fees claiming the market needs to open up to other operators.
Abertis posted a first-quarter net profit of EUR 122 million, a 9.3 percent rise over the same time last year.
AFP / Expatica