I built two companies who competed with Telefonica in the DSL business. Jazztel and Ya.com. In both companies we had a very hard time competing with Telefonica because Telefonica owns media and in general favors whatever government runs Spain so governments ally with the former monopoly and not the consumer. But the European Commission finally listened to us and gave Telefónica a 150 million euro fine. Let´s see what happens though. My fear is that Telefonica will find a way to use its local influence not to pay it. The proof is that this bad news has not had any effect on its stock price.
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