South Africa's Telkom fined for bullying
August 8 , 2012
South African communications company Telkom has been fined $54.8 million for using its prime market position to "bully" competitors.
A government-backed tribunal ruled that Telkom charged its rivals excessive prices for using its Internet access.
The Competition Tribunal said Telkom exploited its position as South Africa's main telecom player to hamper competition.
It examined the company’s business practices from 1999 to 2004.
Telkom is Africa's largest fixed-line operator but in recent years has had to face rising competition within the mobile phone industry.