Entering text into the input field will update the search result below

Telenor loses split decision on administrative fine

Jun. 19, 2019 3:15 PM ETTelenor ASA (TELNY) StockTELNY, TELNFBy: Jason Aycock, SA News Editor
  • Telenor (TELNY -1.3%) says it's received a conclusion from Norway's Competition Complaint Board, which in a split decision has upheld a fine imposed by the Norwegian Competition Authority.
  • "We are disappointed not to have been heard, but we note that the minority finds the agreement to be legal," says CEO Petter-Børre Furberg.
  • The company has three months to issue a writ in a court of appeal and "We will now thoroughly review the Competition Complaint Board’s decision,” Furberg says.
  • The NCA claimed Telenor used its wholesale pricing model to restrict competition in the market between 2010 and 2014, and a year ago imposed a fine of 788M kroner (about $90.5M).

Recommended For You

More Trending News

About TELNY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TELNY--
Telenor ASA