Telenor has to pay 788 million kroner for abusing its dominant market position

Telenor has to pay 788 million kroner for abusing its dominant market position

The Supreme Court has rejected Telenor’s appeal. The telecommunications company must now pay a fee of NOK 788 million for abusing its dominant market position.

The case is related to Telenor’s pricing model in a wholesale agreement with Network Norway in the 2010–2014 period.

The Supreme Court’s decision was announced on Friday, but on Monday, the Norwegian Competition Authority confirmed that the Telenor case had been closed.

“Now that the Norwegian Competition Authority’s decision is final, this sends an important signal to Telenor and other companies that have a dominant position. They have a special responsibility for not acting in a way that weakens competition,” competition director Lars Sørgard stated in a press release.

After the Norwegian Competition Authority fined Telenor in 2018, the case was processed by the Competition Appeals Board and the Gulating Court of Appeal before it was appealed to the Supreme Court – which rejected the appeal on November 26.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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