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SCMWY Swisscom AG (PK)

64.771
-0.069 (-0.11%)
Last Updated: 17:25:57
Delayed by 15 minutes
Share Name Share Symbol Market Type
Swisscom AG (PK) USOTC:SCMWY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.069 -0.11% 64.771 64.06 64.89 64.87 64.125 64.125 2,191 17:25:57

Swisscom Cleared Of Mobile Phone Termination Charge Abuse

20/04/2011 2:41pm

Dow Jones News


Swisscom (PK) (USOTC:SCMWY)
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Swisscom AG (SCMN.VX) Wednesday was cleared by the Swiss Federal Court of abusing its position and overcharging for mobile phone termination charges.

The telecoms company had faced a fine of 333 million Swiss francs ($374 million) which it now doesn't have to pay.

The Federal Court upheld the appeal by Swisscom, saying the company hadn't abused its position and agreed with Swisscom's view that it didn't dominate the market.

-By John Revill, Dow Jones Newswires; +41 43 443 8042 ; john.revill@dowjones.com

 
 

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