The European Commission has notified Altice N.V. (Euronext: ATC) of its decision to impose upon it a EUR 124.5 million fine for gun jumping in connection with Altice´s acquisition of PT Portugal in June 2015, the company said.
The Commission found that Altice infringed the prior notification obligation of a concentration under Article 4(1) of the EU Merger Regulation, and the stand-still obligation under Article 7(1) of the EU Merger Regulation.
Altice disagrees with the Commission´s decision, and in particular, it considers that this case differs entirely from the French NumÃ©ricable/SFR/Virgin gun jumping case, in which Altice had agreed not to challenge the allegations brought against it.
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