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Altice fined EUR 15 mln over Outremer Telecom sale
2016-04-19 15:54:00| Telecompaper Headlines
(Telecompaper) The French competition authority has fined Altice/Numericable EUR 15 million for not complying with several obligations related to its sale of Outremer Telecom in La Reunion and Mayotte, a condition for its acquisition of SFR. The commitments included maintaining the viability, market value and competitiveness of Outremer prior to its sale. But during the period in which the commitments applied, Outremer's tariffs rose by 17 to 60 percent, giving customers the opportunity to end their plans without incurring any cancellation fees. SFR said it contests the authority's analysis and reserves the right to appeal.
Tags: sale
eur
telecom
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Category:Telecommunications
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