Spain fines Telefonica, Vodafone, Orange over texts

Reflections are seen on a logo of Spain's telecommunications giant Telefonica in MadridMADRID (Reuters) – Spain's antitrust body said it fined telecoms companies Telefonica, Vodafone and France Telecom's Orange a record 120 million euros ($ 159 million) for charging too much for text messages. The regulator said on Thursday Spain's three biggest mobile operators had exploited their dominant position between 2000 and 2009 and passed on overpriced services termination rates to consumers with high charges for text messages. Former monopoly Telefonica must pay 46.5 million euros, while Vodafone and Orange must pay out 43. …


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