Stockholm court rules in favour of Tele2 in ADSL case; Telia to pay USD28.7m plus interest

The Stockholm District Court has ruled in favour of Tele2 in a court case over alleged market abuse in the ADSL sector by Telia, ordering the latter to pay out SEK240 million (USD28.7 million) plus interest in compensation. In the case, Tele2 had argued that its rival abused its dominant position in the supply of broadband ADSL connections in the early 2000s, leading it to submit a claim for losses amounting to a little over SEK700 million for price squeezing in its wholesale rates, which Tele2 claimed were prejudicial to its ability to make a profit. The Stockholm District Court upheld its claim – in part – awarding it damages plus interest on the amount from a period starting 2005. Telia now has a maximum three weeks in which to submit an appeal.