7 Contingent liabilities and contingent claims
Regulatory and competition-law proceedings
With regard to the other contingent liabilities reported in the 2015 consolidated financial statements in connection with regulatory and antitrust proceedings, Swisscom is of the opinion that an outflow of resources is unlikely and, as before, has therefore not recognised any provision for this in the consolidated financial statements as at 30 September 2016.
Contingent assets from litigation
In 2015, the Italian competition authorities (AGCOM) condemned Telecom Italia for unlawful conduct as a market-dominant company and imposed a penalty of EUR 104 million. Fastweb has claimed damages from Telecom Italia in this regard and initiated the relevant legal action. Fastweb and Telecom Italia concluded an out-of-court settlement in the fourth quarter of 2015. The latter also encompasses additional contested claims made by both parties in respect of the other. In the second quarter of 2016, Telecom Italia made a payment of EUR 55 million (CHF 60 million). The agreement meant that at 30 September 2016, Fastweb still had an uncertain outstanding claim subject to certain conditions. Disclosure of the amount of the amount is waived for contractual and procedural reasons.