Telecom Italia Denies Engaging in Anti-Competitive Behavior
February 15 2018 - 3:03PM
Dow Jones News
By Sonia Amaral Rohter
Telecom Italia SpA (TIT.MI) said Thursday it hadn't engaged in
anti-competitive behavior following the decision of the Italian
antitrust authority to open an investigation into the company.
Responding to the decision, Telecom Italia said it has always
operated in compliance with regulations and categorically denied
any coordination with other telecom operators regarding its
commercial strategy, including in relation to changes in its
billing cycles.
AGCM, the Italian antitrust authority, said Thursday that at a
meeting on Feb. 7 it had decided to initiate an investigation into
Telecom Italia, Vodafone, Fastweb, Wind Tre and
Assotelecomunicazioni, or Asstel, an industry trade association.
The investigation aims to determine whether the telecom operators
coordinated their commercial strategies related to the
implementation of changes in the billing cycle following the
introduction of new regulatory obligations, the antitrust authority
said.
The Italian competition authority also said that, together with
the financial police, it had carried out inspections Thursday at
the headquarters of the companies under investigation, as well as
at the trade association. Proceedings will be concluded by March
31, 2019, the antitrust authority said.
Write to Sonia Amaral Rohter at
sonia.amaralrohter@dowjones.com
(END) Dow Jones Newswires
February 15, 2018 14:48 ET (19:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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