Saturday 20 April 2024

Court upholds annulment of ICE fine

Paying the bills

Latest

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division...

Carlos Alvarado: Populism is thriving in Costa Rica

QCOSTARICA -- On Wednesday, former president Carlos Alvarado (2018-2022),...

1960s Costa Rica

QCOSTARICA - The first indigenous peoples of Costa Rica...

Holidays left in 2024

QCOSTARICA -- Costa Rica just came off a long...

Costa Rica will not receive African migrants

QCOSTARICA -- Costa Rica's President, Rodrigo Chaves, stated on...

Dollar Exchange

¢499.09 BUY

¢504.07 SELL

19 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

The contentious-administrative and civil chamber of Costa Rica’s treasury cassation court has definitively annulled a fine of ¢2.16 billion colones fine (around US$3.5 million) imposed by the Superintendency of Telecommunications (Sutel) on state-owned company ICE for monopolistic and anticompetitive practices in the mobile telephony market between November and December 2011, and October and November 2012.

The fine was handed down in 2015 after Telefonica (operating under the Movistar brand) complained that ICE’s “Extreme Chip” prepay promotion could not be replicated by rival operators.

The court handed down its final ruling on March 7, upholding ICE’s appeal that the promotion was not anti-competitive, deliberate or predatory in practice and that Sutel didn’t have the technical or legal justification to apply such a fine.

- Advertisement -

ICE operates its mobile telephone service under the Kölbi brand.

- Advertisement -
Paying the bills

Related Articles

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8 to 1/10...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division of powers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading