ZURICH -(Dow Jones)- Swisscom AG (SCMN.VX) has been fined 220 million Swiss francs ($216 million) for its broadband pricing policy that resulted in disadvantages for its rivals, Swiss competition agency Weko said Thursday.
Rivals that rented lines from Swisscom couldn't run a profitable broadband Internet business until December 2007 because Swisscom's charges were too high, Weko said.
Swisscom rejected the ruling as unjustified and said it has appealed the fine.
Agency Web site: http://www.weko.admin.ch
-By Martin Gelnar, Dow Jones Newswires, +41 43 443 8042; martin.gelnar@ dowjones.com
(END) Dow Jones Newswires 11-05-09 0208ET Copyright (c) 2009 Dow Jones & Company, Inc.
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