Wednesday, March 05, 2025 | 07:46 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Qualcomm slapped 242 million euro fine by EU for predatory pricing

Image

ANI Mobile

The European Union Commission has slapped a fine of 242 million euros on Qualcomm for engaging in predatory pricing.

In an official statement, Commissioner Margrethe Vestager, in charge of competition policy, said that Qualcomm sold 3G baseband chipsets at reduced prices to its key customers, abusing its dominant position and eliminating competitor Icera out of the market.

Baseband chipsets allow smartphones and tablets to connect to cellular networks and are used for both voice and data transmission. Qualcomm abused its dominance between mid-2009 and mid-2011 by engaging in the illegal practice and selling the chipsets to Huawei and ZTE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 18 2019 | 11:33 PM IST

Explore News