TECD Tech Data Corporation

By Mauro Orru

The French Competition Authority said Monday that it has imposed a fine of 1.1 billion euros ($1.22 billion) on Apple Inc. for anticompetitive practices in its distribution network and the "abuse of economic dependence" of its independent resellers.

The authority also said it fined its wholesalers Tech Data Corp and Ingram Micro EUR62.9 millions and EUR76.1 millions respectively in connection with anticompetitive practices in the distribution network.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

March 16, 2020 06:45 ET (10:45 GMT)

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