A PYMNTS Company

EU: Commission issues concerns about Orange-Jazztel deal

By  |  February 26, 2015

EU antitrust regulators have warned Orange that its bid for Jazztel may hurt competition, sources said, putting pressure on the French telecoms provider to offer concessions or see the 3.4-billion-euro deal quashed.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Commission opened an in-depth probe into the deal in December last year, worried that the buyout would reduce competition for fixed Internet access and fixed-mobile multiple play offers in Spain and result in higher prices.

    The European Union executive sent a statement of objections to the companies earlier this week, said three people with knowledge of the matter, declining to provide details on the content of the document.

    The companies however are confident of gaining regulatory approval with minor concessions Routers reported.

     

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.