UPDATED Telecom mulls response after Court of Appeal upholds record $12M fine

Fri, 03 Aug 2012

Aug. 3 (BusinessDesk) - Telecom Corp., the biggest company on the NZX 50 Index, is reviewing the Court of Appeal’s decision affirming a record High Court-imposed fine of $12 million for breaches of competition law through the misuse of market power. “We are reviewing the decision and considering next steps,” the company said in an emailed statement. “This judgment relates to conduct before sector-specific regulation, more than 10 years ago. Following structural separation (last year), the judgment relates to assets and services that now sit w...

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