Spain: ‘Cartel’ accusations on convergent prices hikes
February 15, 2018
From David Del Valle in Madrid
Spanish consumer association Facua has urged competition and markets watchdog the Comisión Nacional de los Mercados y la Competencia (CNMC) to look into the “agreed” rise by the country’s three largest operators (Movistar, Vodafone and Orange) of the price in convergent packages.
Facua has accused the telcos of a cartel to raise the prices up to an average of €5 a month to the detriment of consumers and against Competition law.
In its complaint to the CNMC, Facua has pointed out that “consumers are suffering the consequences of a market dominated by an oligopoly with no competition which is constantly rising prices taking advantage of the fact that the Government does not impose any limit on the tariffs of the main services”.