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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.

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

 

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