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Pharol’s appeal against revised market-sharing fine rejected by EU court

By Andrew Boyce ( October 2, 2024, 10:41 GMT | Insight) -- Portuguese telecom operator Pharol has lost its latest appeal against an EU antitrust fine for a non-compete clause with Telefónica. The General Court backed the European Commission’s 2022 decision to reimpose a sanction on the company formerly known as Portugal Telecom. It said the commission did not need to issue a new antitrust charge sheet before reimposing the fine, as that was only necessary where new objections have been raised, or where the “intrinsic nature” of the infringement has changed.Portuguese telecom operator Pharol has lost its latest appeal against an EU antitrust fine for a non-compete clause with Telefónica....

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