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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telecom Italia SpA | BIT:TIT | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0012 | 0.53% | 0.2285 | 0.2271 | 0.2288 | 0.2294 | 0.2259 | 0.2284 | 91,808,330 | 17:00:00 |
From Jul 2022 to Jul 2024
By Mauro Orru
Italy's competition watchdog levied fines against Vodafone Group PLC, Wind Tre SpA, Telecom Italia SpA and Fastweb SpA, saying the telecom operators engaged in unfair practices while handling contract terminations for fixed and mobile phone users.
The Italian Competition Authority, or AGCM, said Monday that its decision to impose a fine of 1 million euros ($1.1 million) stemmed from findings that some users were billed after rescinding their contract, and in some cases, they were billed twice after migrating to a different provider.
The regulator fined Vodafone EUR400,000, Wind Tre EUR300,000, Telecom Italia EUR200,000 and Swisscom AG's Fastweb EUR100,000.
The four companies didn't immediately respond to requests for comment.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 03, 2023 03:17 ET (07:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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