EU Almunia: Thomson Reuters Investigation Parallels Deutsche-NYSE
08 Marzo 2012 - 10:52AM
Dow Jones News
The same concerns that led the European Union to block the
merger of Deutsche Boerse AG (DB1.XE) and NYSE Euronext (NYX) are
behind an investigation into Thomson Reuters Corp. (TRI.T), said
European Union Competition Commissioner Joaquin Almunia
Thursday.
"If we are to foster growth in Europe, then we need to create
optimal conditions for businesses to operate," he said in prepared
remarks in Copenhagen. "It is because we wanted to preserve healthy
competitive pressure that we prohibited the merger between Deutsche
Boerse and NYSE a few weeks ago."
He added that the "ensuing monopoly would have harmed
customers," and that is why the Commission has launched an
antitrust investigation into Thomson Reuters.
"We have concerns that Thomson Reuters has potentially abused a
dominant market position by restricting the usage of its
identification codes RICs (Reuters Instrument Codes), thereby
limiting the ability of its customers to switch to competing data
providers," said Almunia. He also said that the Commission recently
"unsuccessfully market tested a solution offered by Thomson Reuters
to facilitate switching."
Almunia added that the EU's recent approval of a merger between
Google Inc. (GOOG) and Motorola (MMI) "does not bless all actions
by Motorola in the past or all future action by Google" to the use
patent cross-licences from competitors on terms they would
otherwise not have agreed to.
He said that competition authorities should intervene to ensure
patents are not used to block competition, and that this is at the
core of the case the EU has opened against Samsung. In addition,
similar complaints have arisen by Apple and Microsoft against
Motorola.
-By Riva Froymovich, Dow Jones Newswires; +32 2 741 1489;
riva.froymovich@dowjones.com
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