Egypt, Qatar intensify coordination as Gaza crisis worsens    Egypt prepares governmental talks with Germany to boost economic cooperation    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt touts North Coast as investment magnet after $29.7b Qatar deal – FinMin    URGENT: Egypt's net FX reserves hit $50b in October – CBE    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's competition authority accepts reconciliation with Telecom Egypt
Published in Amwal Al Ghad on 03 - 08 - 2016

The Egyptian Competition Authority (ECA) approved on Wednesday the reconciliation request submitted by Telecom Egypt regarding its violation of Article 8 of the law on the Protection of Competition and Prohibition of Monopolistic Practices.
Telecom Egypt partly disconnected companies in the internet industry from the internet supply line. This came after Telecom Egypt had replaced its copper cables with optical fibre cables, but had not fully reconnected the companies to the infrastructure after the replacement was completed. Telecom Egypt had also failed to notify the companies about the replacement plans.
Additionally, Telecom Egypt was also accused of imposing some unfamiliar conditions services to companies throughout the replacement period, which lasted from September 2013 until October 2015.
Telecom Egypt is the sole owner of Egypt's internet infrastructure, and is the only entity allowed to supply internet providers with the needed connections. The ECA had announced the violation of Telecom Egypt on 8 March.
The ECA approved the reconciliation after Telecom Egypt paid reconciliation value set by the law, and its pledge to oblige by a number of administrative measures to ensure compliance with the law. TE also pledged to fully cooperate with the ECA to ensure fair competition in providing fixed internet infrastructure services.
For its part, the ECA stressed its commitment to terms of the cooperation protocol signed with Egypt telecoms regulator, the National Telecom Regulatory Authority (NTRA) to ensure economic practices in the ICT sector are being held on a competitive and transparent basis.
The law states that a fine should not be below 1 percent of total revenues of the company that had caused the violations. The fine should also not exceed 10 percent of the company's revenues during the violation period. In case of inability to calculate the estimated revenues, the fine is estimated at 100,000 Egyptian pounds and should not exceed 3 million pounds.


Clic here to read the story from its source.