mobinil

Antitrust ruling against Mobinil upheld

: Tuesday, June 03 - 2014 @ 02:30

An Egyptian court has ruled to fine Mobinil for lack of cooperation with the country’s antitrust watchdog, the Egyptian Competition Authority (ECA), Ahram has reported. The decision upholds a previous ruling issued last May, the first of its kind, which imposed a fine of EGP100,000 on the mobile operator on charges of failing to provide the ECA with information it requested. Egypt’s three mobile operators, Mobinil, Vodafone Egypt and Etisalat Misr, were referred to court last December on accusations by the ECA of forming a cartel. The charges are based on a March 2012 decision by the companies to simultaneously charge customers an additional EGP0.5 per month in order to pass on the burden of a stamp tax hitherto borne by the companies.

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Tuesday, June 3- 2014 @ 2:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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