Record 63m-euro fine for Orange and Vodafone - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » February, 2011 » 15 February 2011

Record 63m-euro fine for Orange and Vodafone
15.02.2011, 23:38 | IT & C | 1036 views



Orange and Vodafone, the biggest mobile phone operators on the Romanian market, were fined 63 million euros by the Competition Council for abuse of dominant position, this being the biggest fine ever levied by the institution.

Representatives of the two operators announced they would challenge the decision of the Competition Council, which they deem unfounded, in a court of law.

"Orange was fined 34.8 million euros and Vodafone 28.3 million euros, amounting to just over 3% of the operators' 2010 turnover," said Bogdan Chiriţoiu, chairman of the Competition Council.

Read more on ZF.ro




Latest news in category IT & C

Communications minister Marius Bostan hints that it will take some time until the privatization of the stake that the state holds in Telekom România (former Romtelecom), because the authorities have not yet selected the appropriate method - sale or IPO. Furthermore, the minister says that he first of all wants to increase the value of the company, because it has a "fantastic" potential, and the company is not currently looking "the way it should". read more...


12.09.2014, ora 14:48 | 1196 vizualizări
Huawei România: our 100 million euros investment plan
Chinese multinational Huawei, one of the largest telecom-gear makers in the world, plans to invest some 100 million euros in its global services centre in Bucharest until 2018 and, furthermore, to employ another 300 people by the end of this year. read more...


25.04.2013, ora 13:11 | 1350 vizualizări
Romania - the 54th country with local version of YouTube site
Romania has become, as of Thursday, the 54th country to have the famous YouTube video platform available in Romanian language, occasion for the local advertising companies and agencies to be able to address the target audience through some innovative models of video commercials. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2024 Pandora Impex SRL.