Jacksonville, Fl.-based Sea Star Line LLC will have to pay a $14.2 million fine upon reaching a plea agreement with the U.S. Department of Justice’s Antitrust Division to settle a charge of violating federal antitrust laws with respect to Puerto Rico trade activity in a case dating to April 2008.
Telecommunications Regulatory Board Associate Member Nixyvette Santini filed a scorching dissenting opinion to the agency’s decision to grant Puerto Rico Telephone the cable franchise license it has been seeking since 2008, saying among other things that the order “is unfounded and lacks a responsible analysis that would look out for protecting the public interest and competitive environment.”
The Government Development Bank turned to the bond market last week, issuing $450 million in debt in less than a day, and will repeat the action again in two weeks, when it will seek to raise another $1.1 billion, agency President Juan Carlos Batlle said Thursday.
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