Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG (DTE)

124
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

EU's Preliminary Conclusion Finds Slovak Telekom Breached Antitrust Law

05/08/2012 | 03:49am US/Eastern

European Union antitrust authorities said Tuesday they had reached a "preliminary conclusion" that Slovak Telekom has breached EU competition law, including charging unfair wholesale prices aimed at imposing a margin squeeze on competitors.

The EU also said in a statement that Slovak Telekom's parent company, Deutsche Telekom AK (>> Deutsche Telekom AG), "may be liable for the conduct of its subsidiary" because of "the nature and degree of its links" with Slovak Telekom.

Deutsche Telekom owns a 51% stake in the Slovak company.

The EU Tuesday delivered a statement of objections to the two companies, a formal step in the antitrust procedure where the EU informs the parties in writing about the objections raised against them.

The companies can still set out the relevant facts in their defense so the EU's move Tuesday doesn't prejudge the outcome of the investigation.

The case against Slovak Telekom is that it may have refused to supply unbundled access to competitors to parts of its network and may have imposed a "margin squeeze on alternative operators by charging unfair wholesale prices."

The EU also said Slovak Telekom had "used delaying tactics and obstructed negotiations" with competitors over access to the company's networks.

-By Laurence Norman, Dow Jones Newswires; +32 (0)2 741 1 481; laurence.norman@dowjones.com

Stocks mentioned in the article : Deutsche Telekom AG
Latest news on DEUTSCHE TELEKOM AG
2d ago UK telecoms market poised for more converged services, says EE director
2d ago DEUTSCHE TELEKOM : Telekom launches European M2M partner program
3d ago T MOBILE US : Sony Xperia® Z3 Coming to T-Mobile's Data Strong Network
3d ago INFINEON TECHNOLOGIES : Deutsche Telekom show network security platform
3d agoDJMAGYAR TELEKOM TAVKOZLESI NYRT : Hungary Government Should Revoke Planned Intern..
3d ago DEUTSCHE TELEKOM : Magyar Telekom reports 73% LTE coverage, targets 93% by end-2..
3d ago INFINEON TECHNOLOGIES : Data Security is a Prerequisite for Succesful 'Industrie..
4d agoDJHungary Plans to Tax Internet Use with Levy on Service Providers
4d ago MAGYAR TELEKOM TAVKOZLESI NYRT : Change in Magyar Telekom Group's top management
4d ago MAGYAR TELEKOM TAVKOZLESI NYRT : Hungary's Magyar Telekom CCO resigns
Advertisement
Chart
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF