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Watchdog opens Phase II review of Telekom Austria’s Yesss! acquisition

By  |  June 28, 2012
Watchdog opens Phase II review of Telekom Austria’s Yesss! acquisition

The BWB, the Austrian cartel office, has opened a Phase II review of Telekom Austria’s proposed acquisition of Yesss!. The regulator is concerned that the deal would raise prices for consumers, as Yesss! is the only competitor to Telekom Austria’s bob–both are budget mobile operators. The next stage of the review will take five months.

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    The extended review delays Hutchison 3G’s $1.6 billion takeover of Orange Austria, as a condition of that deal was the sale of Yesss! by Orange.

    Full content: Reuters

     

    Related content: Price Squeeze Abuse in the EU Telecommunications Sector: A Reasonably or Equally Efficient Test?

     

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