Member access

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


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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;

Stocks mentioned in the article : Deutsche Telekom AG
React to this article
02:18p Telecom network spending seen rising this year amid 4G boom
02:14p Telecom network spending seen rising this year amid 4G boom
01/25 DEUTSCHE TELEKOM : Slovakia calls tender for broadband frequencies
01/24 Google Plans To Sell Wireless Phone Service
01/23 DEUTSCHE TELEKOM : Patent Issued for Device for Recording, Remotely Transmitting..
01/23 European telecoms deals produce new winners as consolidation enters next phas..
01/23 Google to become wireless provider with Sprint and T-Mobile
01/23DJHutchison Whampoa Says in Exclusive Talks to Buy U.K.'s O2 for Potentially Mo..
01/22 T MOBILE US : -Mobile is ready o ignore some bad credi hisories
01/22DJHutchison Whampoa Nearing Deal to Buy U.K.'s O2 -- Sources
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes