SAIC’s Inner Mongolia bureau suspends antitrust probe into China Mobile
( September 17, 2015, 08:13 GMT | Official Statement) -- MLex Summary: The Inner Mongolia bureau of China’s State Administration for Industry and Commerce decided to suspend its investigation into China Mobile over allegations of abuse of dominance after the company admitted the violation and made commitments to correct its illegal behavior. According to an SAIC statement, an investigation launched in April 2014 found China Mobile abused its market dominance by erasing the unused data at the end of each month in consumers’ monthly subscription package. The regulator said the company actively cooperated with the investigation and came up with a plan that could eliminate the anticompetitive impact of its behavior. The bureau will review the company’s fulfilment of its commitments before May 30 next year and will resume investigation if there is any violation of the Antimonopoly Law.The statement follows:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.