For the record…

FLAG

I was very surprised to read in The Lawyer: “To add to FLAG’s financial woes, in August 2002 the Office of Fair Trading started an investigation into anticompetitive practices by cable-lending operators in the UK, including FLAG. Fortunately for Ophem, though, the investigation did not amount to anything significant and FLAG escaped a fine.” (‘Flag flying’, 2 February 2004).

The OFT investigation into anticompetitive practices in the market for submarine cable landing is ongoing, and it is too early at this stage to say that it did not amount to anything significant and that FLAG has escaped a fine.

Mark Kram, head of news, OFT