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Broadband

PT, Zon fined EUR 53 mln for broadband market abuse

Wednesday 2 September 2009 | 12:22 CET | News
Portugal's competition watchdog (Autoridade da Concorrencia – AdC) has fined Portugal Telecom and Zon for abuse of dominant position on the broadband internet market in the period 22 May 2002 – 30 June 2003. Portugal Telecom was fined EUR 45.016 million, while Zon will have to pay around EUR 8.046 million. The antitrust body's decision follows complaints by competitors in 2003 and 2004. The AdC investigation showed the PT group had a market share of over 70.7 percent in retail broadband accesss in 2002 and 77.7 percent in 2003 and served as sole wholesale provider on the local market.

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Categories: Internet
Companies: Portugal Telecom
Countries: Portugal
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