Investigation over market domination near end for mobile operators
Uncategorized Friday, June 8th, 2007today that the investigation over market domination abuse in the mobile
telecommunication in Albania is near the end. Today, the last hearing session was
held with AMC representatives, and another hearing session will be held in a few
days with Vodafone Albania.
Both companies, Vodafone Albania and AMC, with market shares of 49% and
51% respectively, have been are accused for non-competitive conduct. The
investigators have submitted their report and a decision will be taken within
this month by the Authority Council. If the council decides to bring charges
for such conduct, then the mobile operators could be fined up to 10 % of their last
year’s turnover.
In 2006, AMC revenue reached EUR 151 million, with net profit increasing
by 49.9% compared to 2005. Meanwhile, Vodafone Albania has not yet published its
last year’s results, however, Tirana newspapers have gestimated revenues of up
to EUR 150 million.
Tirana analysts are of the opinion that political pressure over the
Albanian Competition Authority could save both companies from possible fines.
AMC Albania is owned by the Greek mobile operator Cosmote and enjoys
full support from the Greek Government.
Short URL: http://www.albanianeconomy.com/news/?p=273
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on Jun 8 2007. Filed under Uncategorized.
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