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General

Spain regulator refunds Telefonica EUR 13 mln for 2008 fine

Friday 19 December 2014 | 10:53 CET | News
Spain's telecoms regulator CNMC has agreed to pay back EUR 12.96 million to Telefonica after the Spanish Supreme Court partially vacated a 2008 fine imposed by the now defunct regulator CMT. Telefonica was fined EUR 20 million at the time for not having met its obligations with respect to local loop access following a complaint from Orange Spain. Telefonica duly paid the amount but its appeal against the size of the fine was finally accepted, resulting in the CNMC's announcement that it will proceed to refund EUR 12 million plus EUR 964,868 in interests to the former incumbent.

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