Breaking News

Tweet TWEET

Slovak Court Annuls Fee for Deutsche Telekom Unit, Sme Reports

Slovakia’s Supreme Court annulled a 48 million-euro ($60 million) fee demanded by the country’s regulator from a unit of Deutsche Telekom AG (DTE) for extending its mobile license, Sme reported.

The court ruled the Telecommunication Office didn’t justify the amount of the fee imposed upon Slovak Telekom AS, in which the German company owns 51 percent, for a 10-year extension, the newspaper said.

Orange Slovensko AS, a unit of France Telecom SA, also asked the court in a pending case to revoke a 40.7 million-euro charge for a similar license, Sme said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.