Mobile companies prepare for big European fines - by Dan Sabbagh
Vodafone, Telefónica’s O2 unit and Deutsche Telekom are preparing for substantial fines from the European Commission for allegedly overcharging on incoming international calls. The competition inquiry, which dates back to June 2001, is embarrassing for Neelie Kroes, the European Competition Commissioner, because she was an O2 board member between 2001 and 2004.
Ms Kroes has absented herself from involvement in the inquiry, which, after repeated delays, is expected to conclude formally in the new year, with fines that could amount to at least €100 million.
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