Swiss court upholds ruling against Swisscom, reduces penalty
ZURICH (Reuters) - A Swiss court has upheld a 2009 ruling against Swisscom by Switzerland's competition commission for anti-competitive behavior in its broadband internet business, but has reduced the size of the fine.
In a statement on Tuesday, Switzerland's federal administrative court reduced the penalty on Swisscom to 186 million Swiss francs ($192 million) from 220 million, citing corrections to the previous calculations for the sanction.
"As a result of the decision, Swisscom will set aside a provision of 186 million francs," Swisscom said in a statement responding to the ruling. "In order to clarify important issues at the highest level of authority, Swisscom will lodge an appeal with the Federal Supreme Court."
($1 = 0.9680 Swiss francs)
(Reporting by Joshua Franklin; Editing by David Holmes and William Hardy)