On Air Now

Listen

Listen Live Now » 101.1 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 38°
Wind: E 8 mph Past 24 hrs - Precip: 0.12”
Current Radar for Zip

Today

AM Clouds/PM Sun 55°

Tonight

Partly Cloudy 44°

Tomorrow

Partly Cloudy 66°

Alerts

Telefonica to appeal EU fine for collusion

Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas
Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas

MADRID (Reuters) - Spain's Telefonica said on Wednesday it disagreed with a fine by European Union antitrust regulators on its competition agreements with Portugal Telecom and would appeal the decision with the Luxembourg-based EU Court of Justice.

The European Commission said it was fining Telefonica 79 million euros ($104.96 million) and Portugal Telecom 12 million euros for agreeing not to compete against each other in the Iberian telecoms market.

(Reporting By Tracy Rucinski; Editing by Fiona Ortiz)

Comments