As the European Union prepares to unveil its plans for a consolidated telco market, European Commissioner Joaquin Almunia said three or four major players would be sufficient to ensure healthy competition.
Almunia’s statements were quoted by a German media outlet.
The EU’s telecommunications head is set to unveil next week plans for a consolidated market.
According to reports, Alumnia said that telco mergers “can have positive economic results, as long as prices remain reasonable.” The statements come just weeks after two major mobile telecommunications deals were announced to regulatory scrutiny.
The deals involve KPN’s $10.7 billion divesture of its German unit Telefonica, and Austria’s sale of Orange to Hong Kong-based Hutchinson Whampoa. Both deals are expected to file with the Commission and national regulators for clearance.
Full Content: CTNow
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 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