UK Mobile Phone Firms Face Overcharging Claims in Class-Action Suit [BNN Bloomberg (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: BNN Bloomberg
Vodafone Group Plc., BT Group Plc.'s EE, CK Hutchison Holdings Ltd.'s Three UK and Virgin Media O2 are being sued for abusing their dominant position in the UK by overcharging for handsets beyond contract terms, according to law firm Charles Lyndon and Justin Gutmann, who filed the collective suit at London's Competition Appeal Tribunal. A spokesperson from EE said it strongly disagrees with the “speculative claim” being brought against it. The so-called loyalty penalty, where long-standing customers are continually charged for handsets despite having paid them off, has previously been examined by UK's competition and communication regulators following a complaint from Citizen's Advice in 2018. “I believe these four mobile phone companies have systematically exploited millions of loyal customers across the UK through loyalty penalties – taking over £3 billion ($3.8 billion) out of the pockets of hard working people and their families,” said Justin Gutmann, a market researcher w
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