Slovakia's Antitrust Authority Imposes Record €97 Million Fine on Cable Price-Fixing Cartel

Slovakia's antitrust authority imposed a record fine of €97 million on companies that artificially inflated cable prices through illegal coordination. The Antimonopoly Office, Slovakia's competition watchdog responsible for preventing market manipulation and protecting consumers, successfully dismantled what it termed a "cable cartel" that had been operating to fix prices above competitive market levels. The penalty represents the largest fine ever imposed by the Slovak competition authority, demonstrating a significant enforcement action against price-fixing schemes that harm both businesses and consumers by preventing fair market competition.