EC rules Telefonica-PT non-compete agreement illegal

Wednesday 26 October 2011 | 09:47 CET | News
The European Commission has sent a statement of objections to Telefonica and Portugal Telecom (PT) regarding their agreement not to compete on the Iberian telecommunications markets. The EC believes this agreement hinders competition in breach of EU antitrust rules that prohibit restrictive business practices. Back in January this year, the EC launched an investigation into the agreement concluded in July 2010 whereby Telefonica and PT agreed not to compete with each other in the Iberian market. The agreement was concluded as part of Telefonica's 2010 acquisition of sole control over the

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Categories: Mobile & Wireless
Companies: Portugal Telecom / Telefonica- Movistar / Vivo
Countries: Europe
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