A PYMNTS Company

EU: Commission starts phase II investigation into T-Mobile takeover of Tele2

By  |  June 12, 2018
EU: Commission starts phase II investigation into T-Mobile takeover of Tele2

<Tele2 announced the European Commission (EC) has announced its decision to initiate a Phase II investigation into the acquisition of Tele2 Netherlands by T-Mobile Netherlands. The group said the move is expected and in line with expectations that the deal will close during the second half of this year. The EC now has 90 working days to reach a final decision, to see if the transaction is compatible with EU merger rules: in principle, this implies a decision in the fourth quarter.

    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.

    “We are opening this in-depth investigation to ensure, that the proposed transaction between T-Mobile NL and Tele2 NL will not lead to higher prices or less choice in mobile services for Dutch consumers,” Competition Commissioner Margrethe Vestager said in a statement.

    The move by the European Commission underscores once again its concerns on telecom deals where the number of players are reduced from four to three.

    Full Content: Reuters

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