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EU: EC to approve Dutch merger of Tele2, Deutsche Telekom

 |  November 27, 2018
The European Union will approve the acquisition of Tele2’s Dutch unit by Deutsche Telekom without conditions, Reuters reports.
The European telecoms index spiked higher, with Tele2 shares jumping 9 percent for their best day in more than four months. Deutsche Telekom shares recovered from negative territory to a 1 percent gain.

The telecoms industry has long called on the European Commission to take a broader view of mergers aimed at boosting revenue and investment, as well as allowing it to compete better against internet rivals.

Full Content: Reuters
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