Royal Mail has been fined £50m for breaking competition law after it “abused its dominant position” in the letter deliver market in an attempt to force its rival Whistl to pay higher prices.
The penalty, the largest ever imposed by communications regulator Ofcom, relates to a change in the contracts Royal Mail offered wholesale customers more than four years ago.
At the time Whistl, then known as TNT, was expanding its letters arm by delivering “bulk mail” such as bank statements and utility bills in competition with Royal Mail, but was still reliant on the former state monopoly to deliver some letters on less profitable routes.
By Jack Torrance.
Full story at Yahoo News.
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