Telecom Italia Fined $131 Million for Broadband Market Abuse (reuters.com) 9
Italy's competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position in the broadband market in an attempt to obstruct the entrance of rivals. From a report: The Italian antitrust authority said in a statement that Telecom Italia had conducted a "premeditated anti-competition strategy" aimed at hindering its competitors' investments in ultra-fast broadband. The authority opened its investigation into TIM's superfast broadband rollout and wholesale pricing plans three years ago after TIM, then headed by Chief Executive Flavio Cattaneo, announced a plan, dubbed Cassiopea, to roll out fast broadband in so-called uneconomic areas. TIM had initially said it would not roll out broadband in areas where it could not guarantee a return on its investment, forcing Rome to step in with state subsidized tenders.
Standard practice in the U.S. (Score:1)
while being in Italy roaming didn't work (Score:1)
Abusive Responsibilities (Score:1)
Re: Abusive Responsibilities (Score:2)
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This is a bit like making a similarly specious argument that because a sports team has a responsibility to win games, that they should poison the other team. No one with a hint of intelligence accepts such fallacious reasoning. Because if we're to accept what you say is true, then why aren't all other companies behaving as badly? Clearly th
Let me get this straight... (Score:2)
So, the evil monopolist said, back in the day, that it wouldn't do broadband in places where they'd lose money...
Then the government offers subsidies...
And only then did the evil monopolist decide to do broadband in those places where they'd lose money (of course, with the subsidies, they'd no longer be losing money).
I'm not seeing what the problem is, really. Money-losing proposition = don't, money-making = do...
Or was this a case of "the subsides were meant for your competition ONLY, you evil monopol
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