Deutsche Telekom wins EU interest fight, bodes well for Intel [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Yahoo! Finance
portion of a fine reimbursed after an appeal, in what could be good news for a similar 593-million-euro ($638 million) claim by Intel. A score of companies have in recent years sued competition enforcers for default interest on fines in annulled antitrust cases, with the claims totalling about 800 million euros. Intel is the highest profile case. The Commission imposed a 31 million euro fine on Deutsche Telekom in 2014 for charging unfair wholesale prices in Slovakia. A lower tribunal cut the penalty to 19 million euros and ordered the Commission to pay some 1.8 million euros in interest. The EU competition enforcer subsequently repaid the difference to Deutsche Telekom, but not the interest for the period between the payment and the reimbursement. The Luxembourg-based Court of Justice of the European Union (CJEU) sided with the German telecoms operator. "The (European) Commission must pay interest on fines it has unduly imposed in competition matters and which it has provis
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