EU rules against Deutsche Telekom over price fixing case

An EU court ruled against Deutsche Telekom, which was charged with overturning a price-fixing fine imposed by the European Commission in 2003.
This practice meant alternative operators could not compete effectively with Deutsche Telekom and German consumers were deprived of the benefits of choice and price competition for more than five years, according to the court ruling.
The ruling upheld a decision made by the European Commission, the EU's antitrust watchdog, in May 21, 2003, in which Deutsche Telekom was fined €12.6 million ($19.8 million).
The Commission found that from the beginning of 1998 to the end of 2001, and from 2002 to the adoption of its decision, Deutsche Telekom charged new entrants higher fees for wholesale access to the local loop than what Deutsche Telekom's subscribers paid for fixed line subscriptions.
It “discouraged new companies from entering the market and reduced the choice of suppliers of telecoms services as well as price competition for consumers,” the Commission said a decision at the time. (Xinhua)
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.