Advertisement

HindustanTimes Wed,17 Sep 2014

Microsoft fined $731 million for breaking EU antitrust promise

Reuters  Brussels, March 06, 2013
First Published: 17:06 IST(6/3/2013) | Last Updated: 12:26 IST(7/3/2013)

EU antitrust regulators fined Microsoft $731 million on Wednesday for breaking a promise to offer European consumers a choice of web browser.

Advertisement



Microsoft had made the pledge in 2009 in settling an antitrust investigation in Europe, where the software group's regulatory troubles date from the last decade and have cost it a total of 2.16 billion euros, including the latest fine.

Microsoft promised to offer European consumers a choice of rival browsers in the previous version of its Windows operating system. But the European Commission, which acts as competition regulator across the 27-member European Union, said it found the company broke that undertaking between May 2011 and July 2012.

The Commission said it takes such settlement commitments very seriously.

"Legally binding commitments reached in antitrust decisions play a very important role in our enforcement policy because they allow for rapid solutions to competition problems," Competition Commissioner Joaquin Almunia said in a statement. "Of course, such decisions require strict compliance. A failure to comply is a very serious infringement that must be sanctioned accordingly," he said.


Advertisement
more from Business

Sony forecasts $2 billion loss, cites weak mobile

The Japanese electronics and entertainment conglomerate said on Wednesday it anticipates a net loss of 230 billion yen ($2.15 billion) for the fiscal year that ends March 31, 2015. Its previous forecast was for a 50 billion yen ($466 million) net loss.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved