Samsung may soon settle on EU antitrust suit

Samsung Electronics is in preliminary discussions with the EU antitrust regulator to settle charges slapped on them for allegedly using illegal sales tactics. The Korean chaebol was accused of keeping their chief rival Apple from licensing essential cellular patents.

samsungsettles 300x197 Samsung may soon settle on EU antitrust suit

“Samsung has been involved in settlement discussions for several months now. Samsung wants to settle,” an anonymous source told Reuters.

The case against the South Korean electronics giant revolves around patents for Europe’s 3G UMTS standard.  Samsung initially said they would agree to license the patents to any rival maker when the standard was adopted. However, according to the regulator, that never happened.

The European Commission went after Samsung when they discovered the company was seeking injunctions against Apple, their chief rival, on the infringement of their patents in multiple European jurisdictions in 2011.  The regulator said that by keeping Apple from licensing essential patents for cellular phone technology, it constituted uncompetitive behaviour.

If Samsung were found guilty of unfair sales tactics, it would mean the company forking out $17.5 billion (U.S.) in fines, and that’s a considerable sum even for the likes of Samsung.

Jack Taylor is an accomplished writer who works as a freelance journalist and has contributed to many award winning media agencies, which includes VRzone. Born in 1971, Taylor holds a Bachelor of Science with a focus in Journalism, graduating Magna Cum Laude. An eclectic writer, Taylor specializes in editorials, trending technologies and controversial topics such as hacktivism and government spying.