According to concerns raised by the European Commission, Sweden’s telecom companies may have illegally prevented other companies from entering the consumer mobile market.
According to an announcement issued by the Berlaymont on Tuesday, both EU and Swedish Competition Authority (Konkurrensverket) were involved in the raid. Unannounced inspections, as the ones that have already taken place, are “a preliminary step in investigating suspected anti-competitive practices,” says the Commission.
Telia AB, Tele2 AB and Telenor ASA have all confirmed that they are part of the EU’s investigation, adding that they are willing to cooperate with EU’s antitrust watchdog. The European Commission could not confirm the number of companies involved, or the names stated above.
As a disclaimer, the Commission reminds that the inspections do not mean that the companies are guilty of anti-competitive behavior nor does it prejudge the outcome of the investigation. “The Commission respects the rights of defense, in particular, the right of companies to be heard in antitrust proceedings.”
Inquiries will be completed without a deadline, while their duration depends on a number of factors, including the complexity of each case, the extent to which the companies concerned co-operate and the exercise of the rights of defense.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI