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

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Featured Reads