news.ninemsn.com.au on December 29, 2011 reported that the United States hit Deutsche Telekom and a Hungarian subsidiary Thursday with $95 million in fines to settle charges they bribed officials in Macedonia to gain a business advantage. The German telecoms giant and subsidiary Magyar Telekom paid off Macedonian politicians and officials to stall the country from opening its wireless market to new competition in 2005-2006, according to the US Justice Department and the Securities and Exchange Commission (SEC). Magyar Telekom faced three charges under the US Foreign Corrupt Practices Act, one for the bribery and two for not keeping accurate records. Deutsche Telekom also faced charges of books and record-keeping and internal controls violations of the FCPA. The two have agreed to pay the fines to avoid prosecution under the FCPA, while not admitting guilt.