Italy's Antitrust Fines Amazon $1.28 Billion For Alleged Abuse Of Market Dominance

Milan: Italy's antitrust mentioned on Thursday it had fined e-commerce large Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.In a press release the watchdog mentioned Amazon had harmed competing operators within the e-commerce logistics service."Amazon holds a dominant position in the Italian market for intermediation services on marketplaces, which Amazon leveraged to favour the adoption of its own logistics service - Fulfilment by Amazon (FBA) - by sellers active on Amazon.it to the detriment of the logistics services offered by competing operators, as well as to strengthen its own dominant position," it added.The antitrust mentioned it could impose on Amazon corrective steps that will probably be topic to assessment by a monitoring trustee.Amazon had no instant remark.(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)