Orange Polska must pay a huge penalty. More than 650 million zlotys from the European Commission are due

The Court of Justice of the European Union has dismissed the appeal of Orange Polska against the judgment of the Court of the European Union imposing a fine of 127.6 million euros. ; euro. The verdict is final and the penalty will be increased interest accruing to 23.7 million euros on June 30, 2018.

Immediately with interest, Orange Polska must pay a fine of 151 , 3 million euros. This, calculated on Wednesday's exchange rate, gives the equivalent of more than PLN 650.5 million.

In 2011, the European Commission fined Telekomunikacja Polska 127.6 million euros for abuse of dominant position on the Polish market. In December 2015, the Court of the European Union rejected the appeal lodged by Orange Polska against the decision and upheld the sanction

. See also: Orange will supply T-Mobile with its optical fiber. PLN 275 million

The operator intends to settle the commitment to the European Commission by the end of next month. – We will close this issue in August – assured the member of the financial board Maciej Nowohoński, during a meeting with reporters

The operator is waiting for the call of the EC, what is it? he waits in 2 weeks and after he points out "without unnecessary delay" he will pay the payment. As convinced Orange, the company has money to pay the fine. In part, it will be money.

The company has a reserve for this. Our current net debt / EBITDA ratio at the 2.2x level will increase when we pay – at an estimated 2.4x – added a member of the board of directors.

Read more: The Polish operator has permission to use the name Orange. Until the end of 2019

See also: Pracownia Orange in Kozerki near Grodzisk Mazowiecki:

Orange Polska (formerly TPSA and PTK Centertel) is a provider of telecommunications services in Poland. Orange provides, among others, fixed telephony, Internet access, television and Internet telephony (VoIP) services, as well as mobile telephony services, including third-generation UMTS services and CDMA services. .

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