STOCKHOLM, Sweden, Nov. 28, 2013 (GLOBE NEWSWIRE) -- Ericsson (NASDAQ: ERIC) today announced that the Competition Commission of India (CCI) has decided to commence an investigation of Ericsson relating to the Indian Competition Act.
In March 2013, Ericsson sued the Indian company Micromax for patent infringement in Delhi High Court, India. Ericsson had before that made numerous attempts to sign a license agreement with the company on Fair, Reasonable and Non-discriminatory (FRAND) terms.
As part of its general defense, Micromax has filed a complaint to the CCI.
The CCI has now decided to refer the case to the Director General for an in-depth investigation. Ericsson will fully cooperate with the authority in this investigation to reach a fair and reasonable conclusion.
NOTES TO EDITORS
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Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries.Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
Information regarding antitrust investigation in India: http://hugin.info/1061/R/1746403/587895.pdf
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