Deutsche Telekom, Slovak unit lose appeal against EU antitrust fine

  • 3/25/2021
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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)

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