beIN rejects EGP 400 mn fine, says it is politically motivated

BeIN rejects EGP 400 mn fine, says it is politically motivated: A decision by the Cairo Economic Court to fine beIN Media Group EGP 400 mn “sends a deeply troubling message to any international entity seeking to do business in Egypt,” beIN says. The group says it “categorically rejects” the decision and accused the judgment of being “based on unfounded and politically motivated allegations.” It says the claim “that beIN violated competition law by offering bundled sports packages ignores standard market practice in the PAY TV industry not only in the MENA region, but around the world.” BeIN says it will appeal.