PRESS DIGEST- British Business - May 29
May 29 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
PARIS May 9 France's second-biggest telecoms operator SFR is seeking 2.4 billion euros ($2.6 billion) in damages from bigger rival Orange in an antitrust litigation tied to the corporate market in the country.
SFR's claim is detailed in Orange's 2016 annual registration document and was first reported by French news magazine L'Express.
"SFR has accustomed us to prohibitive demands in the past that were not put into effect," a spokesman for Orange said. SFR declined to comment.
SFR's initial estimates for the damages amounted to 512 million euros, Orange said in its registration document.
Verizon and BT, which also provide services for the corporate sector in France, are respectively claiming 215 million and 150 million euros respectively, Orange said.
The two telecoms groups were not immediately available for comment.
The three legal actions against Orange are brought before the Paris Commercial Court, Orange said.
These financial claims follow a 2015 decision by the French competition authority that fined Orange 350 million euros for abusing its dominant position to hold back competition in the corporate sector.
($1 = 0.9194 euros) (Reporting by Mathieu Rosemain and Gwenaelle Barzic; editing by John Irish)
* unit entered into arrangements regarding acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from Exxonmobil affiliates Source text for Eikon: Further company coverage:
* Novo Resources to invest $2m to earn in to new 50/50 gold exploration, development, mining and collaboration jv in Karratha. Source text for Eikon: Further company coverage: