Thu 07 Jul 2007EU orders Telefónica to pay €152m
fineTelefónica was yesterday ordered to pay a €152
million antitrust fine after the European Commission found Spain's
dominant telecoms group guilty of illegally freezing out rivals
from the lucrative broadband market.It is the largest fine Brussels has ever imposed on a telecoms
company, outstripping earlier penalties imposed on Deutsche Telekom
and France's Wanadoo for similar abuses by a factor of 10. With the
exception of Microsoft, no other company has been punished more
severely for abusing a dominant position.