Telefonica Czech Unit Facing $164 Million Anti-Monopoly Lawsuit

Telefonica Czech Republic AS (SPTT), the country’s biggest telecommunications company, said it is facing a lawsuit over alleged abuse of its dominant market position.

Ceske Radiokomunikace AS, an operator of wireless networks, sued the company over a so-called margin-squeeze, seeking 3.1 billion koruna ($164 million) in damages, the Czech unit of Spain’s Telefonica SA (TEF) said on its website yesterday.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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