Swisscom Fined Over Termination Fees

Law360, New York (February 16, 2007, 12:00 AM EST) -- Making good on its threats, Switzerland's competition watchdog has slapped a hefty fine of 333 million Swiss francs ($270 million) on state-owned telecommunications group Swisscom for overcharging customers for mobile phone termination fees.

The Swiss Competition Commission, or Comco, said in a statement on Friday that it reached its decision to fine Swisscom on Feb. 5, and that the high amount of the fine was due to the severity of Swisscom’s violation.

“The fact that Swisscom Mobile achieved very high benefits from the violation was considered...
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