Germany plans stricter competition rules for internet companies Tiroler Tageszeitung online



Berlin (APA / Reuters) – The German Minister of Economic Affairs, Peter Altmaier, is planning new rules to limit the power of Internet companies – even before they become powerful. "Antitrust authorities should be able to intervene in the future if a company is on the road to bring dominion to the market with unfair means," Altmaier told the "Frankfurter Allgemeine Sonntagszeitung" according to the preliminary report.

This places the minister behind a proposal from economists that offers more opportunities for antitrust authorities to intervene. The proposals will be presented on Tuesday.

So far, the antitrust authorities have to wait a long time before they can penalize the anti-competitive behavior of companies – until the companies already occupy a dominant position. That should change, reports the newspaper. The fact that companies impede the change of their customers to competition must also be banned for smaller companies. In addition, it should be more difficult for internet companies to buy start-ups. The cartel office should be able to prohibit company purchases, even if a dominant group systematically buys fast-growing smaller companies. At the same time, it will be easier for competitors of Internet companies to receive data from Google and Co to simplify their business.

"Digitization not only changes the way we live and work, but also presents new challenges for our competition authorities, especially in digital platforms where we see markets that work according to the principle" the winner takes everything & # 39; more market power Ultimately, due to network effects, there is only one company that dominates an entire market, "Altmaier told the newspaper. "At the same time, the best company for the consumer must prevail in free competition."


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Germany plans stricter competition rules for internet companies Tiroler Tageszeitung online



Berlin (APA / Reuters) – The German Minister of Economic Affairs, Peter Altmaier, is planning new rules to limit the power of Internet companies – even before they become powerful. "Antitrust authorities should be able to intervene in the future if a company is on the road to bring dominion to the market with unfair means," Altmaier told the "Frankfurter Allgemeine Sonntagszeitung" according to the preliminary report.

This places the minister behind a proposal from economists that offers more opportunities for antitrust authorities to intervene. The proposals will be presented on Tuesday.

So far, the antitrust authorities have to wait a long time before they can penalize the anti-competitive behavior of companies – until the companies already occupy a dominant position. That should change, reports the newspaper. The fact that companies impede the change of their customers to competition must also be banned for smaller companies. In addition, it should be more difficult for internet companies to buy start-ups. The cartel office should be able to prohibit company purchases, even if a dominant group systematically buys fast-growing smaller companies. At the same time, it will be easier for competitors of Internet companies to receive data from Google and Co to simplify their business.

"Digitization not only changes the way we live and work, but also presents new challenges for our competition authorities, especially in digital platforms where we see markets that work according to the principle" the winner takes everything & # 39; more market power Ultimately, due to network effects, there is only one company that dominates an entire market, "Altmaier told the newspaper. "At the same time, the best company for the consumer must prevail in free competition."


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