Swisscom AG, Switzerland's largest telephone provider, was fined 333.4 million Swiss francs ($270 million) by the country's competition watchdog for overcharging cellular rivals including France Telecom SA's Orange unit.
Swisscom had a dominant position in the market and imposed an ``unfair'' call termination charge of 33.5 centimes, the Swiss Competition Commission said in a statement from the capital Bern today. Swisscom, in a separate release, rejected the charges and said it will dispute the decision in court.
The commission's ruling, which came more than four years after Switzerland opened investigations into fees its three mobile operators charge each other for routing calls to their networks, reduces the fine from a previously announced 489 million Swiss francs in a draft ruling in April. Swisscom Mobile competes with Orange and TDC A/S's Sunrise division.
``Swisscom Mobile has long charged the lowest mobile termination fees of any Swiss mobile provider,'' the company said in the statement.
The sanction relates to fees Swisscom charged rivals in the 14 months through May 31, 2005.
source:www.bloomberg.com
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