EC fines Wanadoo 10.35 million euros

The European Commission (EC) levied a 10.35 million euros (US$11.53 million) fine on French Internet service provider (ISP) Wanadoo SA Wednesday, after finding it guilty of stifling competition in the market for high-speed Internet access.

“The Commission found that up until October 2002, the retail prices charged by Wanadoo were below-cost,” the EC said in a statement. This practice, it said, “restricted market entry and development potential for competitors.”

Wanadoo, which is 72 per cent owned by French government-controlled France T