Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

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

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link