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Swiss court upholds ruling against Swisscom, reduces penalty

The logo of Swiss telecom company Swisscom AG is seen at an office building in Zurich July 19, 2013. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - A Swiss court has upheld a ruling against Swisscom by Switzerland's competition commission for anti-competitive behavior in its broadband internet business, but has reduced the size of the fine. In a statement on Tuesday, Switzerland's federal administrative court reduced the penalty on Swisscom to 186 million Swiss francs ($192 million) from 220 million, citing corrections to the previous calculations for the sanction. ($1 = 0.9680 Swiss francs) (Reporting by Joshua Franklin; Editing by David Holmes)