JOHANNESBURG — A government tribunal fined South Africa’s Telkom SA Ltd. US$54.8 million Tuesday over a decade-long case alleging the company used its monopoly to put unfair prices on its competitors.
The decision by the Competition Tribunal of South Africa found Telkom charged its competitors high prices for using its Internet services, while charging much lower fees to its subsidiaries and its customers. The tribunal looked at Telkom’s business practices from 1999 to 2004 in making its decision.
“Telkom’s conduct caused harm to both competitors and consumers alike and impeded competition and innovation,” the tribunal’s decision read.
A spokesman for Telkom said the company had no immediate comment about the ruling.