A PYMNTS Company

Switzerland: Regulator approves online directory merger

 |  March 24, 2015

Switzerland’s competition commission WEKO said on Tuesday it had approved the purchase of online directory search.ch by Swisscom, as the telecoms group tries to compete with the likes of Google in digital advertising.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In a deal reached last year, Swisscom is to combine directory operator local.ch, which provides information on phone numbers, with Swiss media company Tamedia’s search and information service search.ch in a joint subsidiary.

    Together the local online directories will reach 3.6 million internet users per month in Switzerland, and the merger will be completed by mid-2015, the companies said in a joint statement.

    “Although the fusion results in a monopoly, we are not blocking the plans because we don’t expect them to restrict competition,” WEKO said in a statement.

     

    Full Content: The Wall Street Transcript

     

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