{"id":118508,"date":"2021-03-25T10:30:09","date_gmt":"2021-03-25T10:30:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=118508"},"modified":"2021-03-25T10:30:09","modified_gmt":"2021-03-25T10:30:09","slug":"deutsche-telekom-slovak-unit-lose-appeal-against-eu-antitrust-fine","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/deutsche-telekom-slovak-unit-lose-appeal-against-eu-antitrust-fine\/","title":{"rendered":"Deutsche Telekom, Slovak unit lose appeal against EU antitrust fine"},"content":{"rendered":"<figcaption>FILE PHOTO: Brochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019.   REUTERS\/Wolfgang Rattay\/File Photo<\/figcaption><p>BRUSSELS (Reuters) &#8211; 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\u2019s top court endorsed the sanctions.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Deutsche Telekom and Slovak Telekom subsequently challenged the decision at the General Court which in a 2018 ruling reduced Deutsche Telekom\u2019s fine by about a third to 19 million euros and trimmed the joint fine to 38.06 million.<\/p>\n<p>The operators however decided to appeal to the Luxembourg-based Court of Justice of the European Union (CJEU) on points of law.<\/p>\n<p>The CJEU threw out the appeals and kept the reduced fines for the companies.<\/p>\n<p>The case is C-152\/19 P Deutsche Telekom v Commision &amp; C-165\/19 P Slovak Telekom v Commission.<\/p>\n<p>($1 = 0.8472 euros)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-eu-deutsche-telekom-antitrust\/deutsche-telekom-slovak-unit-lose-appeal-against-eu-antitrust-fine-idUSKBN2BH13A\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Brochures with the logo of<\/p>\n","protected":false},"author":3,"featured_media":118507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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