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Germany: Jurisdiction battle with EU for Telefonica deal rages on

By  |  January 9, 2014

German authorities filed a renewed request with the European Commission to obtain jurisdiction over wireless giant Telefonica Deutschland’s proposed acquisition of KPN Mobile unit E-Plus, say reports.

Three weeks prior, the Commission announced plans for an in-depth investigation into the buyout, proposed for nearly $12 billion. The announcement sparked concerns with Germany’s regulator the Bundeskartellamt, which told the Commission that the EU must request jurisdiction over the merger review. The notice is in-line with EU law.

The European Commission confirmed that Germany has again requested to review the deal itself.

Full Content: Wall Street Journal

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