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EU: Commission receives new offer for wireless service merger

By  |  March 12, 2013

Syniverse Holdings Inc., a provider of cell phone services, has reportedly offered concessions to ease competition concerns to the European Commission in its planned acquisition of rival Mach for about $717 million. While the Commission announced the filing of the offer on Monday, the authority did not release details of those concessions. According to reports, the Commission must decide on the deal by the end of May. Syniverse commented on the matter last week noting that the Commission specifically had issues with sectors involving data clearing and roaming data exchange. The parties agreed on the deal last July.

 

Full Content: Bloomberg

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