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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