June 30, 2020 / 8:04 AM / 15 days ago

Norway's Telenor fined 112 mln euros for anticompetitive practices

FILE PHOTO: Telenor company's logo is seen at their headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins

OSLO (Reuters) - A European monitoring body said on Tuesday it had fined Norwegian telecoms company Telenor (TEL.OL) 112 million euros for anticompetitive practices.

“Telenor abused its market dominance by a pricing strategy that resulted in rivals making a loss when selling residential mobile broadband services on tablets and laptops,” the EFTA Surveillance Authority said in a statement.

Telenor said it would appeal the decision.

Reporting by Gwladys Fouche, editing by Nerijus Adomaitis

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