A PYMNTS Company

EU: EC extends its decision deadline telecom takeover

By  |  January 20, 2015
EU: EC extends its decision deadline telecom takeover

French telecommunications company Orange received a slight delay on Tuesday to its proposed takeover of Spanish telecommunications company Jazztel. The European Commission stated on January 14 that it had finished its probe into the deal and would now reach a decision on the $3.9 billion deal. On Tuesday, the EC moved its deadline from April 24, to April 30. A person familiar with the deal says that the EC has as many as 60 questions concerning the deal to which it requires answers.

    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.

    The competition watchdog is concerned that the deal will lead to price increases and reduced competition for fixed internet access and fixed-mobile multiple play offers in Spain and rejected Orange’s previously offered concessions as being insufficient.

    Full Content: Yahoo! News

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