France Telecom Fined Record High 80 Million Euros for Monopolizing ADSL Service
Posted on: Friday, 11 November 2005, 09:00 CST
France Telecom fined record high 80 million euros for monopolizing ADSL service
PARIS, Nov. 9 (Xinhua) -- The France Telecom on Wednesday was fined record high 80 million euros by the country's Competition Council for monopolizing the ADSL broadband service during the period of 1999 to 2002, the French media reported.
The council ruled that the French Telecom giant had impaired the nation's economy by abusing its dominant position in ADSL (Asymmetrical Digital Subscriber Loop) service to prevent other telecom companies from entering the broadband market till October 2002, the French newspapers La Tribune and les Echos reported.
To date, France has 80 million ADSL users. France Telecom claimed a major share of the market.
In 1999, a French telecom company NEUF Telecom lodged a lawsuit against the France Telecom, accusing the telecom giant of monopolizing the ADSL market by lowering the broadband service price, which forced other companies to withdraw from the market due to lack of profits.
In May 2004, the Competition Council fined the France Telecom for 20 million euros after the company refused to follow its order to open the network service to third-party operators, and, later, the fine was doubled under the decree of the Paris' court of appeal.
The France Telecom will have to pay a total of 120 million euros for all the fines levied by the French authorities concerning the case.
Source: Xinhua News Agency - CEIS
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