The head of Austria’s competition regulator is reportedly warning the European Commission over telecommunication merger reviews following a missed opportunity for the Commission to prevent a recent Hutchinson Whampoa buyout that lead to price hikes.
Reports say Hutchinson’s buyout of Orange Austria lead regulators to impose concessions on the deal to ease competition concerns over the merger that lead to a reduction in Austrian competitors from four players to three. But according to reports, prices spiked anyway.
Now, Austrian regulators are hoping the Commission learns from that experience as Hutchinson and Telefonica are probed by the EU for similar acquisitions.
”For the future, and this concerns Ireland and Germany, one is will advices to look carefully at Austria’s experience,” Theodor Thanner, Director General of the Austrian Competition Authority, told reporters Monday.
Hutchinson is looking to acquire O2 Ireland and was set to meet with EU regulators on Tuesday to discuss the deal.
Similarly, Telefonica’s German operations made a deal to acquire Royal KPN’s E-Plus in an $11.8 billion deal, one that reports say may soon receive a objections by authorities.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Google Seeks Dismissal of UK Suit Over Alleged Anti-Competitive Practices
May 8, 2024 by
CPI
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI