December 19, 2019 / 8:03 PM / a month ago

Swiss Supreme Court upholds Swisscom cartel fine

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By Brenna Hughes Neghaiwi

ZURICH, Dec 19 (Reuters) - Switzerland’s highest court on Thursday upheld a 186 million Swiss franc ($190.34 million) penalty against Switzerland’s largest telecoms provider Swisscom , saying pricing policies in its internet business violated cartel laws.

Switzerland’s Supreme Court on Thursday dismissed Swisscom’s appeal against a fine imposed for earlier anti-competitive behaviour in its broadband internet business, saying the company’s pricing policies between 2001 and 2007 had hindered competitors.

Switzerland’s competition committee had sanctioned Swisscom for the activity in 2009, saying the company had abused its market-dominant position in the broadband business to make it impossible for competitors to operator profitably. A court in 2015 reduced the fine.

Swisscom, Switzerland’s largest telecoms provider, at the time said it had set aside a 186 million franc provision. ($1 = 0.98 Swiss francs) (Reporting by Brenna Hughes Neghaiwi, Editing by Angus MacSwan)

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