On December 29, 2011, the SEC issued a litigation release announcing that Deutsche Telekom agreed to settle the SEC's charges. Deutsche Telekom also agreed to a non-prosecution agreement with the Department of Justice under which Deutsche Telekom agreed to pay a $4.36 million penalty.

In the complaint filed on December 29, 2011, the SEC alleged "multiple violations of the Foreign Corrupt Practices Act ... by defendant Magyar Telekom, Plc. ("Magyar Telekom") and corresponding violations of the books and records and internal controls provisions of the FCPA by Magyar Telekom's parent company, defendant Deutsche Telekom, AG ("Deutsche Telekom")." The FCPA violations allegedly took place in 2005 and 2006 in the Republic of Macedonia and in 2005 in the Republic of Montenegro.

On December 29, 2011, the SEC charged Magyar Telekom Plc ("Magyar Telekom"), the largest telecommunications provider in Hungary, with bribing government and political party officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry. Magyar Telekom's parent company Deutsche Telekom AG, also listed as a defendant, was charged with books and records and internal controls violations of the Foreign Corrupt Practices Act. Without admitting or denying the SEC's allegations, both companies consented to the entry of final judgments to settle the charges. The settlements remain subject to court approval. As part of a non-prosecution agreement with the U.S. Department of Justice, Deutsche Telekom agreed to pay a penalty of $4.36 million.