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TELIA - Telia AB News Story

SEK36.18 0.0  0.1%

Last Trade - 11:44am

Sector
Telecoms
Size
Large Cap
Market Cap £12.64bn
Enterprise Value £21.06bn
Revenue £7.57bn
Position in Universe 55th / 1836

UPDATE 1-Vodafone lodges complaint over Telefonica in Spain

Mon 17th February, 2014 7:24pm
(Adds detail on complaint, market context) By Robert Hetz MADRID, Feb 17 (Reuters) - Vodafone  VOD.L  has lodged a complaint against Spanish rival Telefonica  TEF.MC , alleging it is abusing its position in Spain to reduce competition for telecoms, Internet and television services.  The British company's complaint, filed on Friday, comes as competition is intensifying in Spain's market with sources saying Vodafone is studying a bid for cable operator Ono. Vodafone on Monday accused the former Spanish state monopoly of abusing its position on its home turf by striking a deal with competitor Jazztel  JAZ.MC . Telefonica aimed to control the lion's share of Spain's fibre optics networks - those that can offer high-speed Internet and large data transfers, Vodafone said in a statement to Reuters.  Vodafone said Telefonica's deal with Jazztel over fibre optic networks was struck in October 2012 and was part of a tactic to make it impossible for Vodafone to compete since it does not have fibre optic networks. Telefonica also struck a deal with Telia Sonera's  TLSN.ST  Yoigo in 2013, also the subject of complaints by Vodafone. "All the practices ... leave fewer choices for consumers," said Vodafone.  A spokesman for Telefonica said: "All our deals are legal. We have shown we are willing to sign deals with everyone." (writing by Sarah Morris, editing by David Evans) ((sarah.morris@thomsonreuters.com)(0034 91 585 8530 x8328)) Keywords: VODAFONE/TELEFONICA
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