Italian court overturns €203 million fine for Apple and Amazon
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Today, October 3, an Italian court overturned a fine imposed last year by a local regulator on Apple and Amazon corporations. Writes about it Reuters with reference to the documents at his disposal.
Last November, the Italian Competition Authority (AGGM) appointed companies were fined a total of €203 million. They were accused of restricting competition in the sale of Apple and Beats products (owned by Apple) on the Italian marketplace Amazon – in accordance with the agreement between the companies, a limited number of parties could sell these goods there.
Apple and Amazon have filed an appeal against the regulator’s decision. Earlier this year, the amount was reduced to €173.3 million due to an error in calculating the amount of the fine. Now the court has canceled the fine altogether. Reuters does not provide details or rationale for this decision. Amazon has already said it welcomes the court’s decision. AGGM declined to comment, Apple did not comment at the time of publication.
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