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Israeli telecom firm fined nearly $9 million

Posted On: Sep. 5, 2019 6:38 AM CST

Israel telecommunications tower

Israel's competition regulator has fined Bezeq Israeli Telecommunication Corp. Ltd. 30 million Israeli shekels ($8.6 million) for abusing its monopolistic position in telecommunications infrastructure, Reuters reports. The regulator said Bezeq blocked competitors from deploying wired communications networks using the company's infrastructure. The authority has also fined a senior Bezeq official ILS 500,000 and plans to levy another ILS 8 million fine on the company for providing misinformation during the investigation.

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