Swiss court upholds ruling against Swisscom, reduces penalty

Reuters News
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Posted: Oct 06, 2015 3:08 PM

ZURICH (Reuters) - A Swiss court has upheld a ruling against Swisscom by Switzerland's competition commission for anti-competitive behavior in its broadband internet business, but has reduced the size of the fine.

In a statement on Tuesday, Switzerland's federal administrative court reduced the penalty on Swisscom to 186 million Swiss francs ($192 million) from 220 million, citing corrections to the previous calculations for the sanction.

($1 = 0.9680 Swiss francs)

(Reporting by Joshua Franklin; Editing by David Holmes)