Watchdog Loses Bid To Renew $376M Swisscom Fine

Law360, New York (April 21, 2011, 6:38 PM EDT) -- Switzerland's highest court has refused to revive a 333 million Swiss franc ($376 million) fine against Swisscom AG for allegedly abusing its dominance in the cellphone termination fee market, the country's antitrust watchdog said Wednesday.

The decision, dated April 11 but announced Wednesday, brings an end to the Swiss Competition Commission's long-running efforts to sanction the company for violating the country's antitrust law by allegedly charging unfairly high rates to other phone operators to connect calls originating in their networks to Swisscom's customers.

In addition to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.