Τρίτη, 27 Μαρτίου 2012

The Hellenic Competition Commission (HCC) accepts commitments from FORTHNET S.A. and MULTICHOICE HELLAS S.A. regarding agreements of exclusive satellite broadcasting


On 26 March 2012, the HCC announced that it has decided to make legally binding commitments offered by FORTHNET S.A. and MULTICHOICE HELLAS S.A relating to agreements of exclusive satellite broadcasting concluded between them and the majority of free nationwide-broadcasting private TV stations.

The HCC, following a complaint by the Hellenic Telecommunications Organisation S.A., had issued a statement of objections, according to which the said exclusivity agreements for satellite broadcasting with individual nationwide-broadcasting stations, each concluded at a different time (from 1997 to 2011), aimed at raising entry barriers to actual or potential competitors, thus hindering the entry and development of alternative digital and, in particular, satellite platforms.

The HCC is satisfied that the commitments address these concerns.

The main aspects of the commitments:

FORTHNET S.A. and MULTICHOICE HELLAS S.A waive their rights based on the agreements of exclusive satellite broadcasting and amend the relevant contracts with immediate effect from 27 March 2012. They also commit themselves not to get involved in any exclusivity agreements for an indefinite period.

If the companies concerned breach the commitments, the HCC may impose a fine of up to 10% of the companies turnover.

Source: HCC

Press release (in Greek):

http://www.epant.gr/news_details.php?Lang=gr&id=19&nid=411