Japan To Levy $171M Fine On Fiber-Optic Cable Cartel

Law360, New York (April 14, 2010, 5:40 PM EDT) -- The Japan Fair Trade Commission reportedly will likely impose surcharges totaling around 16 billion yen, or about $171 million, on fiber-optic cable parts makers for operating a cartel.

The cartel operated in the sale of devices ordered by two regional phone units of Nippon Telegraph and Telephone Corp., Tokyo-based news agency Kyodo News reported Wednesday.

Japan's anti-monopoly agency probed some ten companies, including Advanced Cable Systems Corp. and Hitachi Cable Ltd., for possible violations, according to Dow Jones.

The companies are suspected of having formed a...
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