Vodafone, Fastweb seek $1.3 bn in damages from TIM over market abuse

Vodafone and Fastweb have asked Telecom Italia (TIM) for a total of 1.1 billion euros or $1.31 billion in damages after a ruling by Italy’s competition watchdog over alleged abuse of dominant market position, a document showed.
TIM Brazil network
In March last year the regulator fined TIM 116 million euros for abusing its position in the broadband market in an attempt to obstruct the entrance of rivals, Reuters reported.

In its 2020 annual financial report the former Italian phone monopolist said it would dispute the claims in court with solid arguments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Mobile Network Test in Puducherry: Reliance Jio Leads Data Speed, Airtel Tops Call Success Rate

Telecom Regulatory Authority of India (TRAI) has released the...

MTS Revenue Surpasses RUB 800 bn in 2025 as AI, FinTech and Cloud Businesses Accelerate Growth

Mobile TeleSystems (MTS) reported strong financial and operational performance...

TRAI Drive Test in in Samastipur, Bihar: Jio Tops 5G Speeds, BSNL Faces Call Reliability Challenges

Telecom Regulatory Authority of India has released the findings...