Patrick Drahi’s Altice NV and its French phone carrier SFR Group SA were fined 80 million euros ($88 million) by France’s competition authority for starting to operate with acquired companies before the deals had received regulatory clearance.
Altice took control of SFR and Virgin Mobile in France in 2014 and proceeded to implement the operations before getting clearance, the authority said Tuesday in a statement. The fine is the first of its kind in the world, the competition regulator said.
In a statement, Altice said it acted in good faith amid legal uncertainty. “The group chose not to refute these practices ...
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