Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
NEWS

Vodafone faces German probe over suspected obstruction of 1&1

Published On :

Vodafone faces German probe over suspected obstruction of 1&1

BERLIN (Reuters) -Vodafone and its German subsidiary Vantage Towers are facing an antitrust investigation in Germany over concerns that it may have contributed to United Internet subsidiary 1&1’s sluggish roll-out of radio masts, the regulator said on Friday.

“Powerful and dominant companies must not unfairly impede other companies. We will therefore scrutinise whether there are sound reasons for a delay in the provision of antenna locations for 1&1,” Andreas Mundt, president of the Federal Cartel Office, said in a statement.

Vodafone said in an emailed statement to Reuters that it continued to firmly reject the accusation and would cooperate closely with the authorities.

As a neutral and independent host, we offer all our customers open access to our passive infrastructure,” a spokesperson for Vantage Towers said.

1&1 is trying to establish itself as a top telecommunications provider in Germany but has so far built only a fraction of its targeted 1,000 radio masts.

In February, it filed a complaint with the cartel office, blaming the slow progress on Vantage Towers and claiming that the company had not fulfilled its obligations as a partner in developing shared infrastructure.

(Reporting by Rachel More and Hakan Ersen, Editing by Friederike Heine)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts