Cyprus competition body fines CyTA CYP 50,000

The Cyprus Commission for the Protection of Competition slapped a CYP 50,000 fine on the dominant telecoms operator, the Cyprus Telecommunications Authority (CyTA) on Thursdya September 15 after finding it guilty of abusing a dominant position.

In a statement the competition commission said “With regards to its own initiative investigation of CYTA, the Commission for the Protection of Competition (CPC) on 30/5/2005, after hearing the parties involved, came to the conclusion that CYTA’s behaviour towards its competitors constituted abuse of its dominant position in the market for the provision of internet services, in violation of section 6 of the Law 207/89.

“Specifically, CPC decided that CYTA was liable for price squeezing since it provided to its competitors a product/service at a high price, whereas it provided to its customers the final product at the retail market at a lower price. Also, the price that CYTA charged to its competitors was found by CPC as excessive, having as a result the violation of section 6(2)(a) of the Law 207/89.

“CPC unanimously decided to judge the said violations of the Law 207/89 by CYTA exercising considerable leniency and to impose a fine of £50,000.”