Telefonica just struck an agreement with competition in Germany in efforts to secure regulatory approval for its acquisition of Royal KPN’s Germany operations.
According to reports, Spain’s Telefonica agreed to divest network capacity to Drillisch if the European Commission approves the plan to acquire E-Plus. Under terms of the sale, Drillisch would acquire 20 percent of the total capacity Telefonica would hold following the merger; Drillisch does not have its own network.
Telefonica was reported to be in similar discussions with other German mobile operators Freenet and United Internet, but sources say those talks have ended.
The Commission was rumored last week to be planning an approval of the $12 billion transaction, though no formal clearance has been given. Telefonica announced its agreement with Drillisch on Wednesday and said it expects a decision by EU authorities some time next month.
Full content: Bloomberg
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