Tech Data to Appeal French Competition Authority’s Antitrust Decision
24 Mars 2020 - 11:00AM
Business Wire
Tech Data (Nasdaq: TECD) today announced it disagrees with and
will be appealing the findings and legal reasoning of the French
Competition Authority (FCA) in its decision against Tech Data. The
case concerns the FCA’s antitrust investigation regarding the
distribution of Apple products (excluding the iPhone) in France
between 2005 and 2013.
In addition, Tech Data wishes to clarify that the FCA’s decision
concerns alleged anticompetitive vertical agreements between Apple
and its wholesalers regarding volume allocations of Apple products
– and not cartel practices, as the FCA’s original English press
release of March 16 suggested. The English version of the press
release has since then been corrected accordingly. In the decision,
the FCA also imposed fines on Apple for two additional allegedly
anticompetitive practices. However, Tech Data has not been accused
of participation in any of these practices.
Tech Data continues to abide by strong ethical and legal
compliance standards, as per the Company’s Global Code of Conduct.
In the area of competition law, Tech Data is committed to competing
independently in the marketplace in full compliance with all
applicable antitrust and competition laws wherever the company
operates. In support of this, Tech Data has a thorough Compliance
and Ethics training program that includes formal e-learning and
instructor-led training offered in multiple languages, so all
employees know, understand, and can easily follow our policies.
These programs are reviewed and updated on a regular basis with a
focus on ensuring compliance, protecting employees and maintaining
service to Tech Data’s channel partners.
About Tech Data Tech Data connects the world with the
power of technology. Our end-to-end portfolio of products, services
and solutions, highly specialized skills, and expertise in
next-generation technologies enable channel partners to bring to
market the products and solutions the world needs to connect, grow
and advance. Tech Data is ranked No. 88 on the Fortune 500® and has
been named one of Fortune’s World’s Most Admired Companies for 11
straight years. To find out more, visit www.techdata.com or follow
us on Twitter, LinkedIn, Facebook and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20200324005051/en/
Bobby Eagle Director, External Communications, Tech Data +1
(727) 538.5864 bobby.eagle@techdata.com
Tech Data (NASDAQ:TECD)
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