European Regulators Spot Check Telecom Firms Amid Anti Trust Concerns

 @David_Kashi
on July 11 2013 9:00 AM
European Union
Euro zone retail sales back in decline in June, France a bright spot. Pictured, European Union building. Reuters

The European Commission on Thursday made unannounced inspections at several telecommunications companies over concern they may have violated EU anti-trust rules.

The companies involved were not identified by the Commission, but Reuters reported that Deutsche Telekom (ETR:DTE)  and Orange SA (ETR:FTE1) were two of the three targeted.

"The Commission has concerns that the companies … may have violated EU anti-trust rules that prohibit the abuse of a dominant market position," the EU executive said in a statement.

The unannounced inspections are preliminary, the statement said and that carrying them out does not mean the firms are guilty of “anti-competitive behavior.” 

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