EU Fines Seven for TV-, Monitor-Tubes Cartels

Electronics giants Philips Electronics N.V ., Samsung SDI Co. Ltd. and Panasonic Corp. are among seven companies fined €1.47 billion ($1.92 billion) by European regulators Wednesday for operating cartels in television- and computer-monitor tubes over two decades.

The European Commission said LG Electronics Inc. along with Philips and Samsung participated in both cartels, while Panasonic, Toshiba Corp., MTP — a Panasonic subsidiary — and Technicolor, formerly Thomson, participated in the cartel for television tubes.

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