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South Africa's Telkom fined for 'bullying' | South Africa's Telkom fined for 'bullying' |
(7 days later) | |
South African communications company Telkom has been fined $54.8m (£35m) for using its dominant market position to "bully" competitors. | South African communications company Telkom has been fined $54.8m (£35m) for using its dominant market position to "bully" competitors. |
A government-backed tribunal ruled that Telkom charged its competitors unfair prices for using its internet access. | A government-backed tribunal ruled that Telkom charged its competitors unfair prices for using its internet access. |
It looked at Telkom's business practices from 1999 to 2004. | It looked at Telkom's business practices from 1999 to 2004. |
Telkom is Africa's biggest fixed-line operator, but has been battling in the face of growing competition from the mobile phone industry. | Telkom is Africa's biggest fixed-line operator, but has been battling in the face of growing competition from the mobile phone industry. |
South Africa's Competition Tribunal said Telkom exploited its position as South Africa's main player in telecoms to block competition. | South Africa's Competition Tribunal said Telkom exploited its position as South Africa's main player in telecoms to block competition. |
"Telkom impeded the growth of its competitors and retarded innovation in the market place," the tribunal said. | "Telkom impeded the growth of its competitors and retarded innovation in the market place," the tribunal said. |
The case began in 2002, with internet service providers alleging Telkom charged them excessive fees for accessing its bandwidth. | The case began in 2002, with internet service providers alleging Telkom charged them excessive fees for accessing its bandwidth. |
The $54.8 fine is far lower than the $390m (or 10% of Telkom earnings) demanded by the Competition Commission, which investigates monopolies. |
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