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Akado faces price cap

August 3, 2010 10.39 Europe/London By Chris Dziadul

The Russian cable operator Akado could find the fees it charges to its subscribers regulated by the state.

According to AKTR and Vedomosti, the company has lost an appeal in the Moscow District Federal Arbitration Court against a ruling by the Federal Antimonopoly Service (FAS).

The latter had investigated fees charged for analogue services by Akado in the South Eastern part of Moscow and concluded in August 2009 that the operator held a dominant position and restricted competition. Akado has said it will turn to a higher court and also appeal against a fine of R9.17 million (€232,218).

It is believed that Akado’s fees could end up being regulated throughout its network, not in just one part of Moscow.

The FAS is also investigating the service offered by the cable operator Mostelecom, with a decision likely to be announced early this month.

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Filed Under: Cable, Central & East Europe, Newsline Tagged With: Akado Edited: 3 August 2010 10:39

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