EU antitrust regulators have scrapped a year-long investigation into four Swedish mobile telecoms providers because there was insufficient evidence of wrongdoing, the European Commission announced on Monday, October 8.
The EU competition enforcer raided several mobile telecoms companies in Sweden in April last year on suspicion they may have blocked rivals from entering the market. Telia Co AB, Telenor ASA, 3 Sweden, and Tele2 AB subsequently confirmed the raids.
The Commission announced it was not taking further action.
“On the basis of the evidence found, the Commission concluded there was no sufficient grounds to pursue this preliminary investigation,” an EU representative said in a statement. Earlier on Monday, Tele2 stated the Commission had closed the probe.
“Today, the European Commission has informed Tele2 that the investigation has been closed without any further action,” Tele2 said in a statement.
Companies found guilty of breaching EU antitrust rules face fines of as much as 10% of their global turnover.
Full Content: Reuters