French telecoms operator, Orange, has been ordered by a Paris court to pay rival Digicel nearly 250 million euros in compensation for anti-competitive practices in the French Caribbean.
Reuters reported that the Paris Appeals court last week ruled that Orange must pay Digicel 181.5 milion euros in damages and 68 million euros in interest.
It is the biggest single financial penalty to be paid by the Paris-based group.
The company is considering whether to launch an appeal in France's highest court.
After a first ruling in 2017, Orange set aside 346 million euros in an escrow account to cover the cost of compensation.
The case dates back to the early 2000s, when state-controlled Orange dominated the telecoms markets in Martinique, Guadeloupe and French Guiana.
France's competition watchdog found in 2009 that Orange had hindered the rise of rivals in these markets, notably by signing exclusivity agreements with independent distributors and repair shops, prompting Digicel to sue for damages.
Advertisement
French telecoms operator to pay Digicel millions for anti-competitive practices
8:24 am, Mon June 22, 2020
comments powered by Disqus
More Stories
Advertisement
Most Popular
Man killed during TikTok livestream
11:56 pm, Tue April 29, 2025
11:56 pm, Tue April 29, 2025
UNC wins Trinidad & Tobago election
9:48 pm, Mon April 28, 2025
9:48 pm, Mon April 28, 2025
Montego Bay mayor confirms receipt of letter...
2:46 pm, Fri May 2, 2025
2:46 pm, Fri May 2, 2025
Advertisement

Advertisement
Advertisement
Advertisement