Will Deutsche Telekom (DTEGY) Stock Be Affected By EU Antitrust Action?

NEW YORK (TheStreet) -- Deutsche Telekom AG  (DTEGY) and its subsidiary Slovak Telekom face a fine from EU antitrust regulators for charging unfair wholesale prices in Slovakia, sources told Reuters.

The EC in its 2012 statement of objections said Slovak Telekom's high wholesale prices made it impossible for alternative operators to operate profitably in the retail broadband market.

Deutsche Telekom is considered liable because it holds a 51% stake in Slovak Telekom, while the Slovak government owns the rest. The fine isn't expected until September, Reuters said.

Shares of Deutsche Telekom are up 0.58% to $17.27. 

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