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Italy court rejects TIM request to freeze 116 million euro broadband market abuse fine

Published 21/07/2020, 14:16
Updated 21/07/2020, 14:20
© Reuters. FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan

MILAN (Reuters) - An Italian administrative court has rejected a request by Telecom Italia to suspend a fine imposed by competition authorities for abusing its position in the broadband market, a court document showed on Tuesday.

In March, the Italian antitrust authority fined Telecom Italia (TIM) (MI:TLIT) 116 million euros (104.69 million pounds), saying it had conducted a "premeditated anti-competition strategy" aimed at hindering competitors' investments in ultra-fast broadband.

That prompted Italian broadband operator Open Fiber to ask TIM for 1.5 billion euros in damages, sources have said.

TIM declined to comment on Tuesday's ruling.

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