Telecommunications giant Hutchinson Whampoa could end up the subject of an investigation by the European Commission for its $1 billion buyout of Telefonica’s Irish operations, sources said Wednesday.
The company, based in Hong Kong, has been told it must offer concessions to the Commission for the buyout of Telefonica’s O2 Ireland unit or risk an investigation into the matter.
The deal was first announced last June. EU authorities are currently in the midst of a preliminary review.
Reports say regulators’ largest concern is the reduction of major Ireland wireless players from four to three as a result of the deal.
The company reportedly has until November 6 to offer concessions to quell such competition concerns.
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
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI