Deutsche Telekom wins EU interest fight, bodes well for Intel

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BRUSSELS :Deutsche Telekom on Tuesday won a legal fight to get EU antitrust regulators to pay interest on the portion of a fine reimbursed after an appeal, in what could be good news for a similar 593-million-euro ($638 million) claim by Intel.

"That interest is intended to compensate, at a standard rate, the undertaking concerned for the loss of enjoyment of the amount in question," they said.

A number of airlines fined for taking part in an air cargo cartel are also seeking interest for their annulled fines.

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Category: EconomyBusiness

Markets: SingaporeGermanyLuxembourgSlovakia

Topics: Telekom Intel Interest Million Fines Fine Competition Commission Case Deutsche Euros

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Article Type: News Report

Published On: 2024-06-11 @ 17:42:06 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 393 words

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News ID: 21224415

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