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: Albanian two cellular telephone set operators, Albanian Mobile River Communication and Vodafone Albania, were fined a sum of €3.76 million (US$5.52 million) for overcharging consumers, government said Monday.

The country's Competition Authority fined Albanian Mobile River Communications, or AMC, 211.5 million leks (€1.76 million, US$2.58 million) and Vodafone Republic Of Albania 242.6 million leks (€2 million, US$2.94 million) for violating antimonopoly laws and "abusing their dominant place (and) scene partial terms in the mobile telephone market," a statement said.

The companies had put terms far above the European Union and regional norm during 2004-05, it said.

Officials at AMC and Vodafone said they needed to reexamine the commission's opinion before responding.

AMC was opened in 1996 as a state-run venture before 85 percentage of its shares were sold to the Greek-Norwegian company CosmoteTelenor in 2000, while Vodafone Republic Of Albania was launched in August 2001. Together they have got more than than 2 million subscribers. Today in Business

After purchasing the former state-owned fixed-line Albtelecom earlier this year, the Turkish Calik Enerji telekomunikasyon a.s., A pool of Calik Enerji and Turk Telekom, will establish a 3rd operator in springtime 2008.