ZURICH -(Dow Jones)- Swiss telecommunication company Swisscom has been fined CHF333.3 million ($269 million) for a breach of antitrust laws, the Wettbewerbskommission, Switzerland's competition regulator, said Friday.
Swisscom has charged its clients exceedingly high mobile termination fees of CHF33.5 per minute, the commission said.
Mobile termination fees are the fees that mobile network operators charge each other for connecting incoming calls to their network.
In a reaction, Swisscom disputed the charge and said it would contest the ruling before the Federal Administrative Court.
The regulator's investigation covered the period up to May 31, 2005.
A spokesman for the regulator said an investigation into Sunrise and Orange covering the period up to May 2005 has been dropped because there was no evidence they misused their market position.
He said the watchdog is also investigating possible breaches of antitrust laws by Swisscom, Sunrise and Orange for the period from June 1, 2005, onwards. The results of that probe will be published next year at the earliest, he added.
Commission Web site: http://www.weko.admin.ch
Swisscom Web site: http://www.swisscom.com
-By Martin Gelnar, Dow Jones Newswires; +41 43 443 8042; firstname.lastname@example.org
(END) Dow Jones Newswires"
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