Swiss Competition Agency Fines Swisscom $216M

By Allison Grande

Law360, New York (November 05, 2009, 3:37 PM ET) -- The Swiss Federal Competition Commission has hit state-owned telecommunications group Swisscom AG with a fine of 219 million Swiss francs ($216 million) for allegedly abusing its dominant position in the broadband market by overcharging competitors for high-speed Internet access.

Swisscom confirmed the commission's ruling in a statement Thursday, adding that the company has lodged an objection to the decision with the Federal Administrative Court.

“The company puts its chances in the appeal procedure as intact and based on its current assessment is not therefore setting aside...
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