On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
40° Feels Like: 40°
Wind: W 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 38°

Tomorrow

Sunny 65°

Wed Night

Clear 41°

Telefonica to appeal EU fine for collusion

Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas
Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas

MADRID (Reuters) - Spain's Telefonica said on Wednesday it disagreed with a fine by European Union antitrust regulators on its competition agreements with Portugal Telecom and would appeal the decision with the Luxembourg-based EU Court of Justice.

The European Commission said it was fining Telefonica 79 million euros ($104.96 million) and Portugal Telecom 12 million euros for agreeing not to compete against each other in the Iberian telecoms market.

(Reporting By Tracy Rucinski; Editing by Fiona Ortiz)

Comments