Italy's antitrust authority has fined Telecom Italia, the country's former telephone monopoly, and Wind for abusing their dominant position in the fixed-line-to-mobile market, an Associated Press report said.
The Associated Press report quoted the competition regulator as saying it fined Telecom Italia 20 million euros ($27.57 million), while Wind was fined 2 million euros ($2.75 million).
The authority ruled the two telecoms companies will have 90 days to inform it of measures taken to stop their unlawful actions, the report said.
It said the two companies discriminated against rivals by charging them more for the use of their networks than they charged their own sales divisions.
The regulator said in a statement that Telecom Italia had abused its position since 1999, Wind since 2001.Unlisted Wind is controlled by Weather Investments, the holding company of Egyptian financier Naguib Sawiris, the report said.
Wind reported a net loss of 122 million euros ($168.20 million) in the first half of the year versus a net profit of 19 million euros ($26.19 million) the year earlier, due to a one-off devaluation of tax credits.