A PYMNTS Company

EU: Conflicting reports emerge over alleged potential co-op of telecom cos

By  |  January 11, 2013

While the Financial Times – and various other media outlets – reported this week that there was a possibility for a cross-border telecom co-op amongst Europe’s top telecommunications companies, more recent reports are emerging that the plan is not true, nor was it ever backed by the Competition Commission. A statement from Commissioner Almunia said that the reported plan of cooperation was not “initiated, suggested or endorsed” by the Commissioner, and noted that any reports saying otherwise were “inaccurate.” Earlier reports suggested that the mobile telecom giants had toyed with the idea of cooperating on cross-border infrastructure are now being denied by later reports. The European Telecommunications Network Operators association did confirm, however, that some of its members had met with the Commission, though assured that the meetings focused on other matters.

 

Full Content: IT World

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