EU probes Spain-Portugal telecoms "non-compete" clause - Monsters and Critics: "A deal between the main telecoms companies in Spain and Portugal not to compete with one another in their home markets may break European Union rules, the bloc's executive said Monday as it launched a formal probe.
EU rules prohibit anti-competitive behaviour, and the European Commission in Brussels is tasked with making sure that member states and companies obey those rules.
The commission 'has opened a formal investigation to ascertain whether the Spanish and Portuguese telecoms incumbents, Telefonica S.A. and Portugal Telecom SGPS S.A., have breached EU rules by agreeing not to compete with each other in their respective home markets,' a statement issued in Brussels read."
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