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NKT loses appeal on cartel fine

11 cartel companies illegally split markets and customers on an almost global scale in order to keep cable prices up, concluded the EU Commission.

Photo: NKT

NKT and ten other cable manufacturers have lost an appeal about a collective cartel fine of EUR 302 million issued in 2014, writes Bloomberg News.

Back then, the EU Commission estimated that the 11 cable companies had acted as a cartel from 1999 and ten years ahead. The companies illegally split markets and customers between them on an almost global scale in order to keep cable prices up, concluded the EU Commission back then.

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