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  Thursday, July 18, 2019
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Mobile TeleSystems, VimpelCom and MegaFon have dismissed charges of breaching anti-trust laws made by Russia's Anti-Monopoly Service earlier Thursday
Mobile TeleSystems [RTS: MTSS], VimpelCom [NYSE: VIP] and MegaFon [RTS: MEGF] have dismissed charges of breaching anti-trust laws made by Russia's Anti-Monopoly Service earlier Thursday. The service said it was moving against the country's three largest mobile operators in the wake of an investigation into new tariffs used by them for mutual settlements that undercut rates set for other mobile operators. The three operators said the lower tariffs for mutual settlements are part of a discount system. "We do not believe that we have in any way violated anti-monopoly laws," a spokesman for the companies said. "We are absolutely convinced that we have done nothing wrong." The Anti-Monopoly Service said the "big three" are using a rate of 0.95 rubles ($0.0351) per connection, whereas other operators have to pay 1.1 rubles ($0.037) for the same service, or 16% more, which puts them at a disadvantage. It said regional operators and operators entering the mobile services market are in an unequal position compared with established federal operators, which breaches anti-monopoly laws. The case will be heard on September 28.
Print Mobile TeleSystems, VimpelCom and MegaFon have dismissed charges of breaching anti-trust laws made by Russia's Anti-Monopoly Service earlier Thursday Bookmark Mobile TeleSystems, VimpelCom and MegaFon have dismissed charges of breaching anti-trust laws made by Russia's Anti-Monopoly Service earlier Thursday

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