The EU General Court issues its judgment upholding the Commission ’ s decision to fine a telecommunications company for gun-jumping (Altice / PT Portugal)

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On September 22, 2021, the European General Court issued its judgment upholding the decision by the European Commission (Commission) to fine Altice for gun-jumping in the acquisition of Portugal Telecom (PT) in 2015. The General Court did grant Altice a limited 5% reduction of part of the €124.5 million fine imposed. [1]