European Commission launches formal probe into Samsung's 3G patent licensing practices

European Commission launches formal probe into Samsung's 3G patent licensing pra

The European Union (EU)'s anti-trust agency, the European Commission, disclosed on Tuesday that it has initiated a formal probe to ascertain whether any competition laws have been violated by South Korean tech biggie Samsung by disallowing fair licensing of 3G-related patents to its competitors.

The 3G patent licensing practices adopted by Samsung have come under the scanner of the EU regulators in the wake of the ongoing legal scuffles between Samsung and Apple as well as with other rival companies.

Revealing that investigations had been launched to access the 3G patent licensing practices which Samsung follows, the European Commission said in a statement that it will chiefly examine whether Samsung Electronics had broken EU antitrust rules by "abusively, and in contravention of a commitment it gave to the European Telecommunications Standards Institute (ETSI)" making use of some of its standard essential patent rights for denting competition in mobile device markets in Europe.

With the investigations chiefly aimed at finding out whether Samsung has stood by the promise that it made 14 years back for licensing its patents which were deemed "essential" for the use of 3G technology in mobile devices like handsets and tablet computers, the launch of the probe is a clear indication that the European Commission will look into the issue on a priority basis.

The commission had revealed that while scrutinizing Samsung's 3G patent licensing practices it will examine whether Samsung has abused "a dominant position prohibited by Article 102 of the Treaty on the Functioning of the EU
(TFEU)."


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Overseas firms look past weakness in Indian economy

Overseas firms look past weakness in Indian economy

Global firms are making huge investments in India's consumer market, despite the overall weakness in the Asia's third-largest economy.

In the recent past, consumer goods giant Unilever announced its decision to invest $5.4 billion to increase its stake in its Indian arm Hindustan Unilever Ltd.

Available figures suggest that foreign companies collectively spent around $9.86 in mergers and acquisitions in India this year. The figure is the highest in Asia.

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

AirAsia's CEO Tony Fernandes on Wednesday revealed the identity of the person who will pilot the Malaysian airline's India operations.

Fernandes, the promoter of AirAsia, had announced in March that the airline had selected a very smart boy from Madras, with an amazing CV, as the CEO for AirAsia India.

Revealing the identity of the AirAsia India CEO, he yesterday said the CEO is 32-year-old, Chennai-born Mittu Chandilya, who is currently based in Singapore.