The European Commission opened an in-depth investigation into whether TeliaSonera and Telenor should be allowed to merge their Danish operations, as the regulator’s policy towards in-market consolidation again comes under the spotlight.
The regulator has concerns that the merged entity would face insufficient competition from the only two remaining players. “This could lead to higher prices and less innovation,” it argued in a statement.
The Commission now has a deadline of 90 working days, until 19 August, to reach its decision.
Full Content: The Financial Times
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