Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Italy antitrust fines telecom groups over billing practices

Italy's antitrust authority said on Friday it had fined Italy's top four phone operators a total of 228 million euros ($253 million) for breaching competition rules by collectively agreeing to raise their prices.

The watchdog opened a probe against Telecom Italia, Vodafone, CK Hutchison's unit Wind Tre and Swisscom's Fastweb in 2018, claiming the carriers had agreed to raise tariffs after they had been forced to scrap a billing scheme based on 28 days rather than a full month.

Italian consumer association Altroconsumo, which actively campaigned against the companies' billing practices, said the fines were equal to 114 million euros for Telecom Italia, 60 million euros for Vodafone, 39 million euros for Wind Tre and the rest for Fastweb.

The antitrust decision could be appealed by the companies.

(Reporting by Elvira Pollina and Francesca Landini; editing by James Mackenzie)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.