Vodafone receives gigantic fine in Hungary

The Hungarian Competition Authority (Gazdasági Versenyhivatal, GVH) has imposed a HUF 120 million (EUR 302,000) fine on Vodafone Hungary.

Vodafone’s fine

Source: Daily News Hungary

The Hungarian Competition Authority (GVH) has ordered Vodafone Hungary Plc. to pay a HUF 120 million (EUR 302,000) fine. The news was announced on the website of the Budapest Stock Exchange on Thursday afternoon by Antenna Hungária Plc.’s parent company, 4iG Plc. (the latter is owned by the state).

The Competition Authority fined Vodafone for an infringement committed in 2022, during the period of its previous ownership. This was because Vodafone had failed to provide proof of compliance with the obligations to be fulfilled in 2022, as required by a previous GVH decision, by the deadline, and the late submission of proofs did not allow to establish that one of the obligations had been fulfilled in the required terms, content and timeframe, Világgazdaság reports.

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