Swisscom may be fined $376m

Swiss regulators have threatened to fine telecom firm Swisscom 489 million Swiss francs ($376 million) for allegedly overcharging mobile phone customers who receive calls originating from other phone networks.
An Associated Press report quoted Switzerland 's Competition Commission as saying that Swisscom misused its dominant position in the Swiss mobile phone market by demanding so-called termination fees at excessively high rates.
The report said the commission cited Swisscom's fees for routing calls from other operators into their networks between April 1, 2004 and May 31, 2005.
The regulator asked the company to respond to its draft ruling before a final decision on any penalty is taken, the report said.
Swisscom would respond to the Competition Commission's ruling on May 22, the report further said.