The European Commission has reportedly extended its deadline to rule on the proposed acquisition of KPN’s E-Plus operations in Germany by Telefonica, say reports, pushing the timeline back to May 28.
The extension follows recent calls by German watchdogs for Telefonica to divest assets. German telco regulators had requested jurisdiction over the merger review, which was denied by the Commission.
According to reports, the deadline pushback will allow Telefonica more time to propose concessions to assure clearance of the deal. The merger would reduce the number of wireless operators in Germany from four to three, sparking concern among industry insiders, consumers and regulators.
Telefonica had originally planned to offer concessions this week.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI