Two cell phone operators in Albania were fined Ђ3.76 million (US$5.52 million) for setting high prices for consumers.
The country's Competition Authority fined Albanian Mobile Communications, or AMC, 211.5 million leks (Ђ1.76 million, US$2.58 million) and Vodafone Albania 242.6 million leks (Ђ2 million, US$2.94 million) for violating antitrust laws and "abusing their dominant position (and) setting unfair prices in the mobile phone market," a statement said.
The companies had set prices far above the European Union and regional average during 2004-05, it said.
Officials at AMC and Vodafone said they needed to review the commission's ruling before responding.
AMC was opened in 1996 as a state-run venture before 85 percent of its shares were sold to the Greek-Norwegian company CosmoteTelenor in 2000, while Vodafone Albania was launched in August 2001. Together they have more than 2 million subscribers.
After buying the former state-owned fixed-line Albtelecom earlier this year, the Turkish Calik Enerji telekomunikasyon a.s., a consortium of Calik Enerji and Turk Telekom, will launch a third operator in spring 2008.
Subscribe to Pravda.Ru Telegram channel, Facebook, Twitter, YouTube, RSS!
The Russian Ministry of Defense said that the Armed Forces of Ukraine failed in their attempt to conduct a large-scale offensive in five sectors of the front in the South Donetsk direction