Spain's competition watchdog cuts prices to access Telefonica's infrastructure
- Wall Street closes mixed, S&P 500 ends off record high
- Private Sector Employment Increased by 330,000 Jobs in July, Missing Expectations
- General Motors (GM) Misses on Profit Estimates as Bolt EV Recall Weighs on Earnings, Challenging Chip Situation and 'Cautious' Profit Outlook Pulling Shares Lower Says Analyst
- Exclusive-U.S. developing plan to require foreign visitors to be vaccinated -official
- Softbank-Backed Zymergen (ZY) Crashes Over 70% as CEO Departs, Product Revenue Not Possible in 2021 and 'Immaterial' in 2022, At Least 6 Firms Downgrade
FILE PHOTO: Security guards walk past a screen displaying the logo of Spanish Telecom company Telefonica at its headquarters in Madrid, Spain, May 12, 2021. REUTERS/Sergio Perez/File Photo
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
MADRID (Reuters) - Spain's competition watchdog CNMC on Friday reduced the prices legacy mobile and broadband operator Telefonica charges to let rivals access its network infrastructure.
The CNMC ordered Telefonica to cut the recurring monthly fees it charges other telecom operators by 22% on average, but also established a 14% increase in the one-off payments paid by the operators using Telefonica's infrastructure.
(Reporting by Clara-Laeila Laudette, editing by Inti Landauro)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Asian stocks hold gains, dollar strong on Fed official comments
- DBS gives upbeat outlook on strong recovery, lower credit costs
- Yellen says new U.S. eviction moratorium buys time to speed rental aid funds
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!