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Kazakhstan: Kcell wireless firm hit with dominance abuse sanctions

 |  March 11, 2014

Regulators in Kazakhstan have reportedly fined wireless operator Kcell, owned by TeliaSonera, $87.7 million for abusing its market dominance, reports say.

The fines coincide with TeliaSonera, which operates throughout the EU and Asia, striking a deal to acquire local rival AinaCom in Finland.

In Kazakhstan, Kcell was found to have hiked its Daytime unlimited price among other anticompetitive violations.

In a statement released Monday, the company denied the allegations and vowed to fight the fine.

In a separate announcement also made Monday, TeliaSonera announced plans for its Finnish unit Sonera to acquire AinaCom in a $65 million deal.

Full Content: Total Tele

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