Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish regulator starts disciplinary proceedings against Orange

Source: Reuters - Mon 25th Feb 2013
Spanish regulator starts disciplinary proceedings against Orange

Spain's antitrust body said it had kicked off disciplinary proceedings against France Telecom's Orange for failing to give it timely notice of its purchase of KPN's mobile operator Simyo.

On Feb. 13, the regulator approved the purchase of the virtual operator, which does not have its own network but rents it from established players. But the watchdog said on Monday Orange had completed the deal on Dec. 14 before it informed the regulator.

Orange and KPN did not disclose financial details of the deal.

Orange inherited 380,000 clients from KPN, taking the total number of its customers in Spain to 12.2 million. It has said it intends to keep Simyo as a low-cost operator and would not change tariffs.

The regulator said it had a maximum of 6 months to reach a final resolution on the matter, which could result in a fine for Orange. The operator was fined in December, along with peers Telefonica and Vodafone, for charging too much for text messages.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs