France Telecom loses appeal against EU competition fine

France Telecom loses appeal against EU competition fine
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A European Union Court has upheld a 10 million euro anti-competition fine against France Telecom’s internet arm Wanadoo. It said the company had abused its position to undercut rivals. The EU court fined Wanadoo in 2003 after finding it charged “predatory prices” that failed to cover its own costs in order to take control of the market in its infancy.

Wanadoo rejected the original ruling and claimed it was not in a monopoly type-position in the market place. However EU regulators said pricing below costs gave grounds to assume that prices were designed to damage its business rivals. France Telecom took over Wanadoo in September 2004, buying out the 30% of the enterprise it did not own. France has the biggest broadband market in Europe.

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