--A European Court has reduced a fine assessed against Deutsche Telekom AG (DTE.XE) and a subsidiary after deciding regulators miscalculated the amount of the original penalty, Reuters reports Thursday.

--In 2014, the European Commission's antitrust unit penalized Deutsche Telekom AG and its subsidiary Slovak Telekom A.S. a total of EUR69.9 million for shutting out rivals from the Slovak market for broadband services. The penalty consisted of two fines, one of EUR38.8 million on Slovak Telekom and parent company Deutsche Telekom and an additional EUR31 million fine for Deutsche Telekom alone

--The Luxembourg-based General Court cut the amount of the joint fine to about EUR19 million, the report said.

Full story: https://www.reuters.com/article/us-eu-deutschetelekom-antitrust/eu-court-cuts-deutsche-telekom-antitrust-fine-by-a-third-idUSKBN1OC1F6

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 13, 2018 14:16 ET (19:16 GMT)