BRUSSELS, July 18 (Reuters) - EU antitrust regulators on
Friday accepted glass maker Corning's offer to waive
exclusive deals with mobile phone makers and glass processing
companies and scrap purchasing clauses to end an eight-month
long investigation and stave off a possible fine.
The U.S. company, which sells a break resistant glass used
as a cover for mobile phones, tablets and smart watches under
the Gorilla Glass brand, counts Samsung, Sony ( SONY )
, Google, HP, Dell and Nokia
as its customers.
Apple ( AAPL ) is reportedly a customer too.
Corning submitted concessions to the European Commission in
November last year.
Corning has now agreed "to waive all exclusive dealing
clauses in all its current agreements with OEMs (original
equipement makers) and finishers", the EU antitrust enforcer
said in a statement.
It will also not require OEMs to purchase, or cause their
supply chain to purchase, more than 50% of their demand from the
company.
The offer is valid for 9 years. EU antitrust violations can
cause companies as much as 10% of their turnover.