Hellenic Competition Commission (HCC): Decision and fine on the Greek telecoms retail sale chain GERMANOS

κατάλογος

The HCC imposes fines on GERMANOS for infringing EU and national competition rules in relation to its franchise network.
Following an extensive investigation, the Hellenic Competition Commission (HCC) concluded that GERMANOS, the telecoms retail sale chain subsidiary of COSMOTE, infringed Articles 1 of Law 3959/2011 (formerly Law 703/77) and 101 TFEU in connection with its franchise network.
According to the decision, GERMANOS engaged in practices which amount to resale price maintenance and a restriction of cross-supplies between distributors/franchisees within its selective distribution system − both vertical restrictions that constitute serious infringements of competition law. The infringements lasted for a period exceeding 20 years (1990-2012).
For the above infringements, the HCC imposed on GERMANOS fines totalling € 10.2 million (€10.251.548).

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