Antitrust regulator confirms Telefónica fine

- Tuesday, July 5, 2011

Antitrust regulator confirms Telefónica fine

Salvadorian antitrust body SC has confirmed before the supreme court a fine against Spanish giant Telefónica's (NYSE: TEF) local unit Movistar for failing to provide necessary assistance, either intentionally or negligently, the SC reported on its website.

In January 2009, the regulator decided to fine Telefónica US$7,900 for providing required information and documentation 21 days overdue.

Telefónica offers fixed and mobile telephony and internet services in the country.

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