The anti-trust regulatory body, European Union Competition Commission recently launched an in-depth investigation under the EU Merger Regulation to assess whether the proposed acquisition of the Belgian telecom operator BASE N.V. by European cable TV behemoth Liberty Global will harm the competitive landscape of the Belgian wireless market.
Plans to acquire the third-largest mobile operator in Belgium from KPN at a cost of €1.35 billion were announced in April.
The Commission is concerned the acquisition would lead to a reduction in competition in the Belgian market.
Commissioner Margrethe Vestager, in charge of competition policy, commented: “Consumers increasingly depend on reliable and competitive telecoms services to keep in touch and to access information. We want to make sure that consumers in Belgium do not suffer higher prices and less choice as a result of this proposed takeover”.
Full content: Nasdaq
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI