The European Commission has formally rejected Germany’s request to review a major telco merger the nation says will ultimately place the most impact on Germany, say reports.
Germany’s Federal Cartel Office requested jurisdiction last November over the merger review of Telefonica’s $11.7 billion buyout of E-Plus, a unit of KPN. Authorities argued that the wireless deal will place the most impact on competition in the nation, as opposed to various nations throughout the EU.
But the Commission rejected Germany’s request on the grounds that the European Commission must impose a consistent merger policy throughout the EU telco industry.
Germany remains the EU’s largest telco market; the merger would reduce the number of wireless players from four to three, sparking competition concerns among both the European Commission and German authorities.
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