Tag #Cnmc

Showing 13 to 24 of 26 results

cincodias.elpais.com
🌐 75% Global Worthiness
News related image

Finetwork Halts Vodafone Payments, Triggering €50 Million Legal Battle

Finetwork, a Spanish MVNO using Vodafone's network, halted €50 million in payments, leading to cross-complaints with the CNMC and lawsuits. Vodafone seeks account seizures, while Finetwork claims Vodafone's breaches caused €150 million in damages; operations continue.

Progress

40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 75% Global Worthiness
News related image

CNMC Opens New Investigation into Telefónica for Pay-TV Contract Violations

The CNMC in Spain has launched another investigation into Telefónica, this time for violating commitments related to pay-TV contracts made during its 2015 acquisition of DTS, potentially leading to further fines after a previous €6 million penalty.

Progress

12% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
News related image

Puigdemont Defends Pro-BBVA Vote, Questions Spanish Government's Opposition

Four days after the CNMC conditionally approved BBVA's takeover bid for Banco Sabadell, Junts per Catalunya leader Carles Puigdemont justified his party's vote in favor, emphasizing protections for Catalan and Balearic SMEs as a key condition and expressing doubt over the Spanish government's declar...

Progress

44% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
News related image

Spanish Court Suspends €413.2 Million Fine Against Booking.com

The Spanish National Court temporarily suspended a €413.2 million fine against Booking.com for alleged anti-competitive practices, including imposing unfair conditions on hotels and restricting competition from other online agencies, following a 2021 complaint from Spanish hotel associations; the co...

Progress

40% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
News related image

CNMC Fines Avatel Telecom €1.086 Million for Inaccurate Data Reporting

Spain's CNMC fined Avatel Telecom €1.086 million for late and inaccurate customer data reports, impacting key sector analyses and highlighting challenges in regulating rapidly expanding telecom firms.

Progress

36% Bias Score

Industry, Innovation, and Infrastructure
elmundo.es
🌐 75% Global Worthiness
News related image

CNMC Approves Only Sabadell's Participation in BBVA Takeover Review

The Spanish competition authority (CNMC) approved only Banco Sabadell's participation in its review of BBVA's takeover bid, rejecting 78 other applications and delaying the decision until potentially the first quarter of 2025. This decision emphasizes the strict standards for merger reviews, focusin...

Progress

36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
News related image

Spain Subsidizes Geothermal Energy to Reduce Investment Risk and Attract Private Capital

Spain will include geothermal energy in its regulated energy activities, using a WACC formula to determine its return rate; high initial investment risks are mitigated by 50% government subsidies for exploratory drilling, particularly in the Canary Islands, which aim to attract private investment an...

Progress

24% Bias Score

Affordable and Clean Energy
elpais.com
🌐 75% Global Worthiness
News related image

BBVA-Sabadell Merger Approved: Catalan Concerns Amidst Loan Protections

The Spanish CNMC approved BBVA's takeover of Banco Sabadell with conditions, including enhanced loan protection for Catalan SMEs, prompting criticism from Junts per Catalunya leader Carles Puigdemont over council member Pere Soler's supporting vote.

Progress

40% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
News related image

Sabadell Restarts Share Buyback Program Amidst BBVA Takeover Bid

Banco Sabadell restarts a 247 million euro share buyback program, alongside a new 755 million euro program, totaling 1.1 billion euros, to counter BBVA's revised takeover bid offering a negative premium, while the CNMC reviews the operation.

Progress

48% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
News related image

Spanish Court Allows Full Investigation into Apple's App Store Practices

A Spanish court rejected Apple's attempt to block a competition investigation into its App Store, allowing the CNMC to proceed with its probe into potential abuse of dominance. If found guilty, Apple could face a fine of up to 10% of its global turnover.

Progress

40% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
News related image

Record Corporate Profits in Spain Amidst Consumer Concerns and Regulatory Scrutiny

Spanish corporate profitability hit record highs in Q3 2024 (25.4%), contrasting with public perception; the CNMC faces scrutiny for its slow response to concerns about interest rate transmission to consumers and the bank tax's impact on customer commissions, highlighting the need for stronger marke...

Progress

56% Bias Score

elpais.com
🌐 85% Global Worthiness
News related image

Spanish High Court to Investigate Massive Cyberattack Against CNMC

A massive cyberattack against Spain's National Commission of Markets and Competition (CNMC) led to the exfiltration of 2 billion mobile phone user data records, prompting the National High Court to investigate potential crimes against national security.

Progress

32% Bias Score

Peace, Justice, and Strong Institutions

Showing 13 to 24 of 26 results