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DEUTSCHE TELEKOM AG

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Deutsche Telekom : Slovak unit lose appeal against EU antitrust fine

03/25/2021 | 04:07am EDT
FILE PHOTO: A Deutsche Telekom sign silhouetted against the sun and clouds atop the German group's headquarterselecommunications giant in Bonn

BRUSSELS (Reuters) - Deutsche Telekom and its Slovak unit on Thursday lost their fight against an antitrust fine levied nearly a decade ago by European Union enforcers after Europe's top court endorsed the sanctions.

The two companies were given a joint fine of 38.8 million euros ($45.8 million) and Deutsche Telekom an additional 31-million-euro penalty by the European Commission in 2014.

The EU watchdog said the two had charged unfair wholesale prices in Slovakia to squeeze out broadband competitors in a practice known as margin squeeze that lasted more than five years starting from 2005.

Deutsche Telekom and Slovak Telekom subsequently challenged the decision at the General Court which in a 2018 ruling reduced Deutsche Telekom's fine by about a third to 19 million euros and trimmed the joint fine to 38.06 million.

The operators however decided to appeal to the Luxembourg-based Court of Justice of the European Union (CJEU) on points of law.

The CJEU threw out the appeals and kept the reduced fines for the companies.

The case is C-152/19 P Deutsche Telekom v Commision & C-165/19 P Slovak Telekom v Commission.

($1 = 0.8472 euros)

(Reporting by Foo Yun Chee; Editing by Emelia Sithole-Matarise)

By Foo Yun Chee


ę Reuters 2021
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Net income 2021 4 449 M 5 205 M 5 205 M
Net Debt 2021 128 B 150 B 150 B
P/E ratio 2021 18,1x
Yield 2021 3,49%
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