Eniro loses legal dispute against Fonecta

Eniro has lost a legal dispute against Fonecta OY regarding the right to use the domain name eniro.fi. In short, the arbitral tribunal awarded Fonecta, who in 2010 acquired Eniro’s digital search operations in Finland, the right to redirect traffic to its own website from eniro.fi. The arbitral tribunal did also order Eniro to pay Fonecta’s legal costs relating to the dispute as well as the costs for the arbitral tribunal. After deduction of previously paid costs, Eniro shall pay approximately MEUR 1.2.

In conjunction with the sale, Eniro assigned a right for Fonecta to use certain trademarks and the domain name eniro.fi. In the spring of 2015, Eniro withdraw Fonecta’s right to use the domain name eniro.fi. Thereafter, Fonecta called for arbitral proceedings regarding the right to use the domain name. Oral hearings began in May earlier this year and the tribunal’s judgement was communicated to the parties on 31 July 2017.

 
For more information, please contact:

Björn Björnsson, Chairman of the board of directors, tel +46 70 399 80 16

Örjan Frid, President and managing director, tel +46 705 611 615

This information is information that Eniro AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 1 August 2017.

Eniro is a leading search company for individuals and businesses in the Nordic region. Eniro Group has approximately 1,700 employees. The company is listed on Nasdaq Stockholm [ENRO], with approximately 14,000 shareholders at present and is headquartered in Kista, Stockholm. More on Eniro at enirogroup.com, twitter.com/eniro, facebook.com/eniro.

Detta pressmeddelande finns tillgängligt på svenska på www.enirogroup.com/sv/pressmeddelanden.

About Us

Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,000 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro revenues amounted to SEK 3,002m and EBITDA was SEK 631m. Approximately 88 percent of Eniro advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.

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