France's Top Mobile Operators Slapped for Market Collusion
An AFP newswire article, via Yahoo! News, reports that:
France's three mobile telecommunications operators faced a heavy bill after competition authorities slapped them with a record fine for five years of market collusion.
The Competition Council ordered Orange, SFR and Bouygues Telecom to pay a cumulative 534 million euros (630 million dollars) for what the council called "particularly serious" practices that had caused "great damage to the economy".
France Telecom's Orange unit is to pay 256 millions euros, Vivendi's SFR division 220 million, and Bouygues Telecom, the smallest of the three, 58 million, the authority said.
posted by Fergie @ 12/01/2005 07:37:00 AM
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