The European Commission has reportedly extended its deadline to rule on the proposed acquisition of KPN’s E-Plus operations in Germany by Telefonica, say reports, pushing the timeline back to May 28.
The extension follows recent calls by German watchdogs for Telefonica to divest assets. German telco regulators had requested jurisdiction over the merger review, which was denied by the Commission.
According to reports, the deadline pushback will allow Telefonica more time to propose concessions to assure clearance of the deal. The merger would reduce the number of wireless operators in Germany from four to three, sparking concern among industry insiders, consumers and regulators.
Telefonica had originally planned to offer concessions this week.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 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