Illegal price pressure by Síminn hf. on the mobile phone market

The Competition Authority imposes a 440 million króna fine on Símann for breaching competition law.

– A fine of 390 million króna is imposed on Síminn for abusing its dominant market position in the mobile phone market. – A fine of 50 million króna is imposed on Síminn for providing incorrect and misleading information in the case.

The Competition Authority has been investigating a complaint from Nova regarding Télís pricing in the mobile phone market. In its decision, which is published today, the authority concludes that Síminn has abused its dominant market position and thereby breached Article 11 of the Competition Act and Article 54 of the EEA Agreement by applying competitively restrictive price pressure to its competitors.