Swiss Officials Threaten to Fine Swisscom

Swiss authorities have threatened to fine telecommunications company Swisscom AG 489 million Swiss francs ($376 million) for allegedly overcharging mobile phone customers who receive calls originating from other phone networks, the company said Monday, according to the Associated Press.

"Switzerland's Competition Commission alleges Swisscom misused its dominant position in the Swiss mobile phone market by demanding so-called termination fees at excessively high rates, the Bern-based former monopoly said in a statement."

emily | 8:39 AM | European/ZA SMS pricing issues |
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