Norway fines its main telecoms firm for blocking competition

The Norwegian Competition Authorities has fined Norway's largest telecoms provider Telenor 788 million kroner ($96 million) for abusing its dominant position on the country's mobile market.

The watchdog's director general, Lars Soergard, says Telenor made "a serious infringement of law" when creating "barriers for the development of a third in Norway."

The watchdog agency said Telenor introduced amendments to the network access agreement with the intention of limiting further investments in the third mobile network in Norway in 2010.

Thursday's fine was the largest ever given by the Competition Authority "to reflect the breach of the Norwegian Competition Act."

In a statement, Telenor CEO Berit Svendsen said the group had not violated any laws, adding the group likely would file an appeal.


Explore further

Norway's Telenor to sell stake in Russia's VimpelCom

© 2018 The Associated Press. All rights reserved.

Citation: Norway fines its main telecoms firm for blocking competition (2018, June 21) retrieved 23 July 2019 from https://phys.org/news/2018-06-norway-fines-main-telecoms-firm.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
3 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more