LONDON (Reuters) -Motorola was refused permission to appeal against the British antitrust regulator’s findings that it was making “supernormal” profits on its contract to provide communications to Britain’s emergency services.
The Competition and Markets Authority (CMA) said on Friday the Court of Appeal had unanimously dismissed Motorola’s application for permission to appeal.
The CMA imposed a price cap on Motorola in July 2023, bringing the price down to a level it said would be expected in a competitive market and cutting an estimated 200 million pounds ($248 million) of charges a year.
Motorola unsuccessfully challenged the CMA’s finding at a tribunal in 2023.
CMA Executive Director George Lusty welcomed the Court of Appeal’s decision.
“The Court’s judgment today means that our price cap remains in place, which limits how much Motorola can charge emergency services for using its Airwave Network,” he said in a statement.
“Today’s decision brings this matter to a close.”
($1 = 0.8066 pounds)
(Reporting by Paul Sandle; Editing by Sachin Ravikumar)
Comments