Competition Office fines Vodafone nearly HUF 1.2 bln
Radu Bercan / Shutterstock.com
Hungaryʼs Competition Office (GVH) on Saturday said it fined Vodafone Magyarország almost HUF 1.2 billion for false advertising, state news wire MTI reports.
Image: Radu Bercan / Shutterstock.com
Vodafone boasted that its 4G network was the "biggest in Europe" in advertisements run over a year from September 2015, but couldnʼt back up that claim with evidence, GVH said.
The office noted that Vodafone Magyarország had been cited for unfair market practices on twelve occasions in the past 10 years, which it considered an aggravating factor. However, it took into account voluntary compliance measures the company has taken as a mitigating factor.
Vodafone Magyarország said it would appeal the GVH resolution.
ADVERTISEMENT
KSH Dismisses Reports of Eurostat 'Investigation'
Hungarian-American Business Chamber Established in Chicago
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
