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Google and PayPal portend antitrust harms flowing from Project Oscar

 |  May 1, 2012

Google and PayPal have warned the European Commission on competition problems posed by a mobile payments joint venture, reports the Financial Times. The joint venture, dubbed Project Oscar, is between U.K. mobile phone operators Vodafone, Telefónica’s O2, and Everything Everywhere (a Deutsche Telekom and France Télécom entity). Google and PayPal expressed their concerns that the joint venture will deter new entrants and competitors into the new mobile payments market. The venture has the ability to control the market through a microchip on a SIM card–mobile operators could refuse to sell or subsidize phones that run a competing mobile wallet service.

Full content: Financial Times (registration required)


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