By Susan Ning, Sun Yiming and Liu Jia
On November 9, 2011, an earlier rumor indicating that China Telecom is under antitrust investigation for alleged abuse of dominance in the broadband market was confirmed by the National Development and Reform Commission ("NDRC"), the authority in charge of price-related breaches of the Anti-Monopoly Law ("AML"). This is by far the first time for China’s antitrust enforcement authority to conduct an antitrust investigation on large state-owned companies. It is speculated that billions of antitrust fines could possibly be levied if the violation is established.
This article is a follow-up of our previous article entitled "Chinese Antitrust Enforcement Agencies Ready to Show Teeth to Large State-owned Enterprises? ", which includes a comprehensive analysis of the claimed violation.
Continue Reading Earlier Rumor Confirmed: China Telecom and China Unicom under Antitrust Investigation