Deutsche Telekom Suffers EU Setback Over Antitrust Fine Interest
- EU is fighting Deutsche Telekom win for compensation last year
- Dispute is seen as possible test case for Intel fight with EU
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Deutsche Telekom AG suffered a blow at the European Union’s top court in a potentially precedent-setting dispute over its right to compensation for having to tie up money earmarked for a multimillion-euro antitrust fine that was slashed after an appeal.
The European Commission is challenging a lower EU court’s decision last year to award Deutsche Telekom €1.8 million ($2 million) for the harm caused by the watchdog’s “refusal to pay it default interest” on the amount of a cartel fine which the company had already paid.