Electricity meter cartelists fined in Brazil
By Maria Júlia Baumert ( December 10, 2025, 19:13 GMT | Insight) -- MLex Summary: The Brazilian competition authority has fined three companies — Elo Sistemas Eletrônicos, Fae Sistemas de Medição and Dowertech da Amazônia — along with 11 individuals for operating a cartel in the electricity meter market. According to the Tribunal, the group engaged in fixing prices, rigging bids and market allocation between 2005 and 2014. The Tribunal unanimously imposed fines totaling roughly 73 million reais ($13.3 million) and approved four settlements worth an additional 15.5 million reais ($2.82 million).See full statement bellow:...
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