Brazil’s Administrative Council for Economic Defense (Cade) has filed an administrative process to investigate alleged practice of cartel in the domestic market of electronic components for the telecommunications industry.
The companies investigated include Araguaia Industria, Comercio e Servicos–EPP, Corning Comunicacoes Opticas, Corning, Quadrac Telecomunicacoes e Informatica, Redex Telecomunicacoes and Tyco Electronics Brasil.
According to the opinion of the Antitrust Authority, there is evidence the companies reached agreements to fix prices and divide the market “through a combination of values, conditions, benefits or abstention from participation in procurement procedures of private telecommunications companies.”
Full content: Telecom Paper
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