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General

CNMC to pay back EUR 15.5 mln Telefonica fine

Friday 9 May 2014 | 10:03 CET | News
Spain's telecoms regulator CNMC has agreed to pay back a fine of EUR 15.5 million, plus interests, imposed on Telefonica by the now defunct CMT back in 2007. The decision stems from a judgment handed down by the Spanish Supreme Court in November, which upheld Telefonica's appeal against fines of EUR 13 million and EUR 2.5 million for serious breaches of the regulations on provision of access to the local loop, which affected the ability of MVNOs to compete, according to the CMT. The court held that an earlier fine of EUR 20 million covered the same ground as the later sanction and that both

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Categories: General
Companies: CMT / CNMC / Telefonica
Countries: Spain
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