Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance.

The Autorità Garante della Concorrenza e del Mercato, or AGCM, said that Amazon had harmed competing operators within the e-commerce logistics service.

“Amazon holds a dominant place within the Italian marketplace for intermediation providers on marketplaces, which Amazon leveraged to favor the adoption of its personal logistics service — Fulfilment by Amazon (FBA) — by sellers energetic on Amazon.it to the detriment of the logistics providers supplied by competing operators, in addition to to strengthen its personal dominant place,” it mentioned in an announcement.

AGCM mentioned it’ll impose corrective steps that might be topic to assessment by a monitoring trustee.

Amazon mentioned it “strongly disagrees” with the superb and that it plans to attraction. “The proposed superb and cures are unjustified and disproportionate,” an Amazon spokesperson advised CNBC.

Amazon mentioned over 50% of all annual gross sales on its platform in Italy come from small and medium-sized enterprise, including that their success is vital to Amazon’s enterprise mannequin.

“Small and medium-sized companies have a number of channels to promote their merchandise each on-line and offline: Amazon is simply a kind of choices,” the Amazon spokesperson mentioned.

“We always make investments to assist the expansion of the 18,000 Italian SMBs that promote on Amazon, and we offer a number of instruments to our sellers, together with those that handle shipments themselves.”

Ruhell Amin, world head of retail fairness analysis at William O’Neil + Co, advised CNBC’s “Road Indicators Europe” on Thursday that it is a “vital” superb for the e-commerce big.

“It is a part of a broader pattern that we have seen in Europe round attempting to control a few of these Large Tech firms,” he mentioned.

The priority for traders is that the Italian superb might signify a broader pattern towards regulating Amazon extra closely in different elements of its enterprise as nicely, and in different elements of the world, Amin mentioned. “This actually looks as if the tip of the iceberg,” he mentioned.

“This case is attention-grabbing as a result of the European Fee opened its personal probe into this observe however carved Italy out of the scope of the investigation to permit Italy’s antitrust watchdog to proceed by itself benefit,” Amin added. “Usually the European Fee is sort of unified in its method.”

Elsewhere, regulators in China are cracking down on e-commerce big Alibaba whereas Latin American regulators are focusing on Mercado Libre.