The European Commission announced Wednesday that it has approved of Spain’s Telefonica to acquire rival E-Plus in Germany, a deal that creates the nation’s largest company.
But the approval was not without conditions. According to reports, the Commission requires Telefonica to divest up to 30 percent of the merged company’s network capacity. Those assets must be sold to rival service providers. Telefonica must also improve agreements with service providers that do not have their own network.
Telefonica first pursued plans to acquire Royal KPN-owned E-Plus after KPN’s top shareholder Carlos Slim gave his approval. Now, reports say, Telefonica will look to merge E-Plus with its own Germany operation, O2.
Full content: Fox Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI