Teknosa fined 17 million lira for competition violation
Teknosa has been fined 17 million lira by the Competition Board on the grounds that it violated competition rules.
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The Competition Board has determined that certain technology retailers, including Teknosa, violated the law by engaging in anti-competitive information sharing through Fakir Elektrikli Ev Aletleri. It was determined that this violation involved indirect information exchange in the nature of a "hub-and-spoke" cartel.
Teknosa chose to accept this violation and pursue a settlement. As a result of the settlement process, a 25 percent discount was applied to the fine determined by the Competition Board, and Teknosa was fined approximately 17 million lira. With this decision, the investigation into Teknosa has been concluded.