A PYMNTS Company

EU: Watchdog accuses Telefonica of breaking merger promise

 |  February 24, 2019

On Friday, February 22, EU antitrust regulators accused Spanish telecoms operator Telefonica of breaking a promise made five years ago to help rivals enter the German market, in return for regulatory approval for its E-Plus acquisition.

The European Commission announced it had sent a statement of objections, or a charge sheet, to Telefonica, giving it until April 5 to respond to the charge.

Full Content: Reuters

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