The Competition Authority and the Exchange made in March 2013 agreement on the conclusion of the cases that the supervisory authority was then investigating. The settlement was taken into account in the Competition Authority's decision. No. 6/2013 from 26 March 2013, the terms of which are set out therein. The settlement involved extensive changes to the structure of the Exchange Group. and thereby the Icelandic telecommunications market with a view to strengthening competition. This ensures that Símans competitors are on an equal footing with Símann itself regarding access to Skipta's basic telecommunications networks. This goes further in the separation of a former telecommunications monopoly than is customary in neighbouring countries. Skipta also agreed to pay a government fine of 300 million króna. A summary of the contents of the settlement is as follows: find here.
Nova, which was a party to two cases that were settled, appealed it. to the Competition Appeals Board, demanding that the Competition Authority be ordered to complete the proceedings in the cases to which Nova was a party or, alternatively, that the settlement be annulled. Nova argued, among other things, that the Competition Authority was not permitted to conclude the case by settlement without the company's consent.
With ruling In its ruling published yesterday, the Competition Appeals Board rejected Nova's claims and the settlement therefore stands.
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