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Thursday, 1 March 2012

"Bent Jersey Telecom"

Jersey telecom firm JT Global fined for price fixing

JT shop  
JT was fined for setting a minimum price for their sim card packs

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Telecom company JT Global, which is owned by the States of Jersey, has been fined £2,500 for breaking competition law.
The Channel Islands Competition and Regulatory Authorities (CICRA) said the firm had set a minimum price for sim card packs in the island.
It also ordered JT to tell distributors to supply sim packs to any retailer which wanted one.
CICRA said it was the first time it had fined a Jersey firm for price fixing.
In August 2011, CICRA was contacted by the owner of a store in St Helier who complained that JT had ordered its wholesaler to refuse to supply sim packs to his shop.
He said this was because he wanted to sell the packs at a price below the minimum set by JT.
Under the Competition Law, CICRA can fine a company up to 10% of its worldwide turnover for the duration of a breach.
John Curran, director of CICRA, said: "In this specific case, JT was clearly aware that its conduct was illegal yet went ahead and engaged in this practice.
"However JT has co-operated with our investigation and because this appears to have been an isolated incident, the fine is relatively modest.
"This decision should be a warning to all suppliers operating in Jersey - they must allow distributors and retailers to decide what price to charge to customers or face the prospect of significant fines."

7 comments:

  1. well no surprise here. I would of given odds of 1 to 100,000 that JT would be the first company to be fined for price fixing. It's in the DNA of the company.

    As for the fine, i've seen people taking a p*55 get bigger fines than this, now that really is taken the p*55.

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  2. And JT being state owned, who will they be paying the fine to?

    Themselves!!!

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  3. Us!

    The Beano is not the Rag

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  4. Price fixing is not just wrong, it is pure evil and should never be seen as anything else! The individual/s responsible should have been fired, if not sent to jail and JT should have been fined at least £250,000.00. so that both the private and public shareholders get the message.

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  5. As this is the first time anything like this has happened (LOL) you would have thought that an example would have been made of them.
    We all know of an "example" case dont we

    £2500 fine??

    USELESS overcharging broadband monopolising price fixing crappy service proxy reporting Just Tossers should have really had the 10% thown at them but we all know why they didnt.

    Ah its soo true, its NOT WHAT YOU KNOW.......


    KINGrolo

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  6. It's not what you know?
    It's not even who you know?
    It's what you know about who you know!!!

    :)

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  7. Up to 10% fine? And they're fined £2,500? What a joke they won't even notice.

    ReplyDelete