0
Broadband

Retelit fined EUR 140,000 under golden-power proceedings

Monday 3 December 2018 | 08:46 CET | News
Italian telecommunications infrastructure provider Retelit that Italy's Prime Minister has imposed a EUR 140,137 fine against the company for infringement of so-called 'golden power' legislation aimed at protecting strategic industries. The fine corresponds to 1 percent of the company's "relevant revenue", the minimum possible sanction under the breached provision, said Retelit in a brief statement, adding that it reaffirms the correctness of its actions and reserves the right to undertake appropriate further action.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Retelit
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Retelit revenues up 14% to EUR 38 mln in H1

Published 01 Aug 2019 15:40 CET | Italy
Italian telecommunications infrastructure provider Retelit reported consolidated revenues of EUR 37.7 million in the first six ...

Retelit expands international network footprint to US, opens new PoP in Hong Kong

Published 18 Apr 2019 11:42 CET | Asia
Italy's Retelit said it expanded its network reach by opening new routes to the US and upgraded existing routes between Europe ...

Retelit to look at separation into network and services companies

Published 18 Apr 2019 10:49 CET | Italy
The board of Italian operator Retelit has approved a plan to look at dividing its activities into two separate companies, one for ...

Retelit CFO Bortolotti steps down

Published 28 Mar 2019 09:43 CET | Italy
Italian telecommunications infrastructure provider Retelit announced that its Chief Financial Officer, Fabio Bortolotti, has ...

Retelit FY revenues up 12% to EUR 73 mln, EBITDA up to 32 mln

Published 18 Mar 2019 09:37 CET | Italy
Italian telecommunications infrastructure provider Retelit reported full-year 2018 revenues of EUR 73.0 million, up 11.6 percent ...

Italy's Retelit joins Ngena alliance

Published 22 Nov 2018 13:59 CET | Italy
Next Generation Enterprise Network Alliance (Ngena) has announced that Italian telecommunications data and infrastructure ...

Retelit 9-mth revenues up 14% to EUR 51 mln, EBITDA surges 37%

Published 09 Nov 2018 10:08 CET | Italy
Italian telecommunications infrastructure provider Retelit reported revenues of EUR 50.5 million in the 9 months to end ...

Italy's Retelit awarded Tecnoinvestimenti service deal

Published 06 Nov 2018 15:05 CET | Italy
Italian telecommunications infrastructure specialist Retelit has announced a contract to provide a dedicated connectivity network ...

Italy's Retelit inks transport deal with 'major OTT player'

Published 24 Oct 2018 09:28 CET | Italy
Italian telecommunications infrastructure provider has announced the signing of an agreement with a "major OTT (Over The Top) ...

Retelit, Huawei to offer one-stop-shop for Italian businesses

Published 09 Oct 2018 15:06 CET | Italy
Italian telecommunications infrastructure provider Retelit is joining forces with Huawei Italia to launch an open and multi-cloud ...

Italy's Retelit extends 100G network to Sicily

Published 06 Jul 2018 14:25 CET | Italy
Italian telecommunications infrastructure provider Retelit has announced the connection of its 100Gbps transport service to Italy ...

Italy's Retelit to appeal against 'golden powers' measures

Published 14 Jun 2018 09:14 CET | Italy
Italian telecommunications infrastructure provider Retelit has announced that its lawyers will contest the government's decision ...

New Italian govt applies 'golden powers' on Retelit

Published 08 Jun 2018 09:52 CET | Italy
The new Italian government has decided to use its so-called 'golden powers' over companies of strategic importance against ...

Italy's Retelit completes 200G Rome-Milan backbone

Published 04 Jun 2018 08:37 CET | Italy
Italian telecommunications infrastructure provider Retelit has announced the completion of what it claims is the first 200Gbps ...