RegionsEEAMicrosoft Fined €561m by European Commission over Web Browser

Microsoft Fined €561m by European Commission over Web Browser

Microsoft has been fined €561m by the European Commission for failing to promote a range of web browsers, rather than just Internet Explorer, to users in the European Union (EU).

The US group introduced a browser choice screen pop-up in March 2010 as part of a settlement following an earlier EU competition investigation, but subsequently omitted the feature in a Windows 7 update the following February 2011.

The EC’s competition commissioner Joaquin Almunia, rejecting Microsoft’s claim that the omission resulted from a technical error, said the action was unprecedented. “I hope this will make companies think twice before they ever thinking of breaching their international obligations,” he commented.

Almunia added that he preferred negotiated settlements to extended legal battles when addressing antitrust complaints in the IT sector. Microsoft’s willingness to co-operate with the EU’s subsequent investigation had acted as a mitigating factor when determining the level of the fine. Theoretically the watchdog could have fined Microsoft 10% of its global annual revenue, which would have totalled US$7.4bn based on its 2012 report.

“We take full responsibility for the technical error that caused this problem and have apologised for it,” a spokesman for Microsoft spokesman said in response to the fine.

“We provided the Commission with a complete and candid assessment of the situation, and we have taken steps to strengthen our software development and other processes to help avoid this mistake – or anything similar – in the future.”

Related Articles

“Destroy or democratise” – how Open Banking will impact connectivity

Banking “Destroy or democratise” – how Open Banking will impact connectivity

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Money market reforms: Navigating LVNAV, CNAV and VNAV

EEA Money market reforms: Navigating LVNAV, CNAV and VNAV

5m Victoria Beckett
The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

EEA The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

5m BELLIN
The Treasury Challenge of a Post-Merger Integration

EEA The Treasury Challenge of a Post-Merger Integration

5m BELLIN
The Challenge of Integrating Worldwide Subsidiaries into one TMS

Baltics The Challenge of Integrating Worldwide Subsidiaries into one TMS

5m BELLIN
Q&A with BMG's treasury : BELLIN - We Love Treasury 2

EEA Q&A with BMG's treasury : BELLIN - We Love Treasury 2

5m BELLIN
PSD2: dull name, but seismic effect

Clearing & Settlement PSD2: dull name, but seismic effect

5m Alex Kwiatkowski