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GPS companies fined for cartel activity

Hungary's Competition Office (GVH) on Tuesday said it fined four manufacturers and sellers of GPS navigation equipment a combined HUF 103 million for cartel activity in 2005 and 2006.

GVH fined Taiwanese manufacturer and trader Mitac HUF 50 million, Mitac equipment seller LCP Systems HUF 43 million, wholesaler Hamex HUF 9 million and trader RCC HUF 1 million. (MTI-Econews)