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

Bharti Airtel boosts Capex, tower rollout and data growth in December quarter

Bharti Airtel accelerated network investments, tower expansion and mobile...

Bharti Airtel Q3 FY26 revenue jumps 19.6% as ARPU rises, subscriber growth accelerates and Capex tops Rs 11,787 crore

Bharti Airtel delivered strong financial and operational performance for...

Vodafone Idea Q3FY26: Revenue Growth, ARPU Rise, 5G Expansion, and Strategic Capex Push

Vodafone Idea (Vi) reported steady financial performance in Q3FY26,...