Proximus fined record €66 million for abusive margin squeeze
On 26 May 2009, the Belgian Competition Council imposed a fine of €66.3 million on mobile telephone operator Proximus for abusing its dominant position and excluding its rivals from the market for business customers. Mobile termination rates were at the heart of the Council's investigation, which found that Proximus adopted a "margin squeeze" strategy in 2004 and 2005. The probe was prompted by a complaint from rival operator BASE in 2005 and has resulted in the largest fine ever imposed by the Belgian regulator.
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