October 7, 2015 / 7:24 PM / 2 years ago

Swiss court upholds ruling against Swisscom, reduces penalty

ZURICH (Reuters) - A Swiss court has upheld a 2009 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.

The logo of Swiss telecom company Swisscom AG is seen at an office building in Zurich July 19, 2013. REUTERS/Arnd Wiegmann

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.

“As a result of the decision, Swisscom will set aside a provision of 186 million francs,” Swisscom said in a statement responding to the ruling. “In order to clarify important issues at the highest level of authority, Swisscom will lodge an appeal with the Federal Supreme Court.”

Reporting by Joshua Franklin; Editing by David Holmes and William Hardy

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