Bezeq fined NIS 30m. for ‘exploiting market monopoly’

The Antitrust Authority has fined the Bezeq telecom giant NIS 30 million ($8.7 million) for deliberately attempting to erode market competition.

The authority said the telecom giant had “exploited its status as a monopoly in the market in order to harm the competition in the provision of communications services.

An unnamed top executive has been fined NIS 700,000 for the scheme.

Bezeq in response called the authority’s findings “fundamentally flawed” and says the company is fully coordinating with antitrust officials.

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