ROME, April 3 (Reuters) - Italy's competition authority
(AGCM) has closed its investigation into Otis, it said
on Thursday, after the U.S. elevator maker said it would refund
Italian customers to the tune of around 1.45 million euros ($1.6
million).
The company agreed to the payment without admitting any
guilt, AGCM said in its ruling.
The regulator's investigation over alleged unfair commercial
practices had been launched in October.
Otis was accused of installing devices on elevators that
offered extra services for a fee without the explicit consent of
customers, failing to meet deadlines for new installations, and
handling maintenance and renovation requests inadequately.
The agreed refunds will benefit about 7,700 customers,
including private residents' associations and small businesses,
AGCM said in a statement.
In addition, the company agreed to abstain from installing
on its lifts any accessories that entail the payment of an
additional fee without the express consent of customers, and to
improve its customer service.
($1 = 0.9080 euros)