Belgian regulator fines Belgacom 3.09 mln euros for tariff cut delay
The Belgian Institute of Postal services and Telecommunications (IBPT) has fined Belgacom S.A. 3.09 million euros for a delay in passing on lower mobile termination rates to consumers, according to a statement on the regulator's website.
The IBPT said Belgacom failed to pass on lower rates that were imposed in October 2006 and May 2007. The regulator gave the group a warning to do so by Jan. 1.
The lower rates were implemented gradually in the first half of this year and completed by this month.
A spokesman for Belgacom said the group was 'very astonished' by the regulator's decision.
The spokesman said the Beglacom's tariffs are up to 25 percent cheaper than other mobile operators and its has been lowering its rates for the past 12 months.
Belgacom was also surprised by the regulator's decision to inform the media of the fine before the group itself.
The spokesman added that the group will 'probably appeal' the fine. It has 60 days to lodge an appeal.