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Top three telecoms fined for market collusion

"PARIS, Dec 1 (AFP) - French regulators fined the three French mobile telecom operators a total of EUR 534 million on Thursday for rigging the market.

The decision, three days after a similar announcement of fines against top hotels in Paris, also faces the telecom operators with a risk of heavy compensation to subscribers.

The Competition Council watchdog took the action against SFR, Bouygues Telecom and France Telecom subsidiary Orange for "particularly serious" collusion in sharing market information which had done "great damage to the economy"."


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