TeliaSonera ordered to cut Swedish fixed net prices Tweet

Telco's Swedish unit to lower prices of some services by up to 10%.

Sweden's Post and Telecom Agency said Thursday it has ordered TeliaSonera AB to cut prices it charges other operators for using its fixed networks.

TeliaSonera will have to cut the prices for a number of products and services by around 1%-10%, the regulator said, adding that the price regulation is intended to improve competition in the market.

Nina Stridsberg, head of communications at TeliaSonera's Swedish infrastructure unit Skanova, said the company will follow the regulator's ruling although it plans to appeal it later on.

Click here to find out more!At 0931 GMT, shares in TeliaSonera, trading ex-dividend of 2.25 Swedish kronor, were down SEK2.95, or 5.6%, at SEK49.85, against a 1.1% drop in the wider Stockholm market.

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