DGAP-Ad-hoc: Jubii Europe N.V. / Key word(s): Miscellaneous
Jubii Europe N.V.: Judgement Svea Court of Appeal June 29, 2017
29-Jun-2017 / 13:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad Hoc announcement
Judgement Svea Court of Appeal June 29, 2017
Svea Court of Appeal dismisses lawsuit against Telia Company AB
Jubii Europe N.V.'s (ISIN NL0000233195) Swedish subsidiary Yarps Network
Services AB has in legal proceedings against Telia Company AB claimed
damages due to Telia Company AB's abuse of dominant position in relation to
the broadband market in Sweden. The District Court of Stockholm found in its
judgment on 7 March 2016 Telia Company AB guilty of abuse and ordered Telia
Company to pay to Yarps Network Services damages in the amount of SEK 65
million plus interest. The amount of damages awarded to Yarps by the
district court was lower than the amount claimed by Yarps. The district
court further decided that each party would bear its own costs. Both Yarps
Network Services and Telia Company appealed the judgment to the Svea Court
of Appeal.
On June 29, 2017 the Svea Court of Appeal rendered its judgement. The appeal
court did not find Telia Company guilty of abuse of its dominant position
and therefore dismissed the lawsuit against Telia Company.
The appeal court further ordered Yarps Network Services to reimburse Telia
Company for its legal costs in the district court in the amount of
approximately SEK 14.3 million plus interest from 7 March 2016 until payment
is made. On the basis of the current exchange rate the amount SEK 14.3
million is approximately EUR 1.46 million.
In addition, the Svea Court of Appeal ordered Yarps Network Services to
reimburse Telia Company for its legal costs in the appeal court in the
amount of approximately SEK 5.5 million plus interest from today until
payment is made. On the basis of the current exchange rate the amount SEK
5.5 million is approximately EUR 560 000.
The Svea Court of Appeal's judgement can be appealed within the next four
weeks. Consequently, it is not yet certain if the judgement of the Svea
Court of Appeal will become the final and binding judgement in this dispute.
Following intense assessment of the written judgement, Yarps Network
Services AB will decide on if Yarps Network Services will appeal any part of
the judgement, and will disclose the decision in an ad hoc announcement.
Jubii Europe NV
Haarlem, the Netherlands June 29, 2017
29-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Jubii Europe N.V.
Fonteinlaan 7
2012 JG Haarlem
Netherlands
Phone: +49 (0)5241 7080444
Fax: +49 (0)5242 9164610
E-mail: contact@jubii.com
Internet: http://www.jubii.com
ISIN: NL0000233195
WKN: 932728
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News Service
587749 29-Jun-2017 CET/CEST
(END) Dow Jones Newswires
June 29, 2017 08:00 ET (12:00 GMT)
