Antitrust: Commission sends Telefónica and Portugal Telecom statement of objections regarding non-compete agreement

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The European Commission has sent a statement of objections to Telefónica and Portugal Telecom, respectively the Spanish and Portuguese incumbent telecoms operators, regarding their agreement not to compete on the Iberian telecommunications markets. The Commission is of the preliminary view that this agreement hinders competition in breach of EU antitrust rules that prohibit restrictive business practices. The sending of a statement of objections does not prejudge the final outcome of the investigation.

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