French mobile phone firms fined
Three of France's leading mobile phone firms have been fined a total of 534m euros ($630m) after being deemed guilty of market collusion, reports the BBC.
"France's Competition Council concluded that Orange, SFR and Bouygues Telecom shared commercial information between themselves, distorting competition.
The three firms have denied that they compared and fixed their prices.
The Council said the three firms had regularly exchanged commercial information about the mobile market between 1997 and 2003. This enabled the firms to protect their position in the market, the Council said, to the detriment of consumers. Their actions had caused "significant damage" to the economy, it added. "*** FAIR USE NOTICE. This message contains copyrighted material the use of which has not been specifically authorized by the copyright owner. This Internet discussion group is making it available without profit to group members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of literary, educational, political, and economic issues, for non-profit research and educational purposes only. I believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owners, textually.org
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