Telefónica EUR 5 million fine for breaching DTS merger commitments
Company: Telefónica, S.A.
Summary
Spain's CNMC fined Telefónica EUR 5 million in July 2023 for again breaching commitments accepted when it acquired DTS in 2015. CNMC found that the terms of Telefónica's agreement with DAZN concerning exclusive Formula 1 broadcasting rights violated the merger remedies, including by excluding Formula 1 content from Telefónica's 2021 wholesale channel offer and creating de facto exclusivity. Source: https://www.cnmc.es/prensa/sancionador-telefonica-dazn-20230731