Telenor to Appeal $126 Million European Free Trade Association Fine
30 Giugno 2020 - 10:25AM
Dow Jones News
By Dominic Chopping
Norwegian telecom provider Telenor ASA said Tuesday it has
received a 111.95 million euro ($126 million) fine from the
European Free Trade Association Surveillance Authority for
mispricing mobile broadband, a decision it will appeal.
The fine relates to Telenor's pricing of mobile broadband to
residential customers between 2008 and 2012. The EFTA claims
Telenor engaged in anti-competitive practices by selling the
product at insufficient margins between Telenor's wholesale prices
and the prices it charged to customers, so-called margin squeeze
practices.
"We are very surprised by the decision and the size of the
fine," said Telenor Norway's managing director, Petter-Borre
Furberg.
"We will review the decision thoroughly and are preparing to
appeal the decision to the EFTA Court", Mr. Furberg said.
The EFTA Surveillance Authority monitors compliance with
European Economic Area rules in Iceland, Liechtenstein and Norway,
enabling them to participate in the European Internal Market.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 30, 2020 04:10 ET (08:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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