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Ericsson's illegal distribution deal in New Caledonia harmed consumers: regulator

By James Panichi ( December 26, 2024, 02:43 GMT | Insight) -- A 10-year import monopoly on Ericsson’s telecommunications equipment in New Caledonia was of a “significant seriousness” to warrant the multi-million-dollar penalty imposed on the Swedish multinational by the French Pacific territory’s antitrust enforcer. The Autorité de la concurrence de la Nouvelle-Calédonie said the restrictive deal agreed to by Ericsson and its local distributor Intelia had been in place between 2014 and 2024, harming both the companies’ customers and competitors. Ericsson was fined $3.64 million over its role in the anticompetitive agreement.Ericsson’s 10-year importation monopoly on telecommunications equipment in New Caledonia was of a “significant seriousness” to warrant the multi-million-dollar penalty imposed on the Swedish multinational by the French Pacific territory’s antitrust enforcer....

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