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Google appeals against huge EU anti-trust fine

2017-09-11 15:04:50| BBC News | Business | UK Edition

The firm was fined 2.4bn euros for promoting its own shopping services over others.

Intel wins review of EU competition fine

2017-09-06 12:08:00| Telecompaper Headlines

(Telecompaper) Intel has won a small victory in its appeal against the EUR 1 billion competition fine levied against the company by the EU in 2009. The EU's Court of Justice sent the case back to the lower General Court to re-examine Intel's arguments against the European Commission's decision.

Tags: review fine competition intel

Telefonica Colombia confirms EUR 1.8 bln capital hike, pays EUR 472 mln fine

2017-08-30 11:40:00| Telecompaper Headlines

(Telecompaper) Telefonica announced that it has come to an agreement with the Colombian government to increase the capital of its subsidiary Colombia Telecomunicaciones (Coltel) by around EUR 1.37 billion to pay debt owed to asset management fund Parapat. The company said its capital injection into ColTel will amount to around EUR 925 million and will fully settle its obligations with Parapat, the consortium that owns the telecommunications assets and manages the pension funds of the former companies that resulted in Coltel. Telefonica and the Colombian government also announced a further EUR 472 million capital increase in proportion to their respective stakes to comply with a Colombian arbitration fine for breaching a government contract for mobile services.

Tags: eur fine capital pays