EU REGULATORS FINE GOOGLE RECORD $5 BILLION IN ANDROID CASE

EU antitrust regulators levied a record 4.34-billion-euro ($5.04 billion) fine against Google for illegal restrictions on Android smartphone makers and mobile network operators.

The European Commission ordered Google to end the illegal conduct within 90 days or face additional penalties of up to 5 percent of parent Alphabet’s average daily worldwide turnover.

The EU enforcer also dismissed Google’s arguments citing Apple as a competitor to Android devices, saying the iPhone maker does not sufficiently constrain Google because of its higher prices and switching costs for users.

Source: Reuters

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