A PYMNTS Company

Telecom company Síminn fined more than $3.2 million for abuse of dominance

By  |  April 4, 2012

The Icelandic Competition Authority fined Síminn more than ISK 400 million (approximately $3.2 million / €2.4 million). The Icelandic telecommunications company was fined for abuse of its dominant position. Síminn had engaged in predatory pricing and violated competition laws in the EEA agreement. It will appeal the regulator’s decision.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Iceland Review Online

     

    Related content: Price Squeeze Abuse in the EU Telecommunications Sector: A Reasonably or Equally Efficient Test? (Serge Clerckx & Laurent de Muyter, Jones Day)