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Vodafone abandons merger with Wind Hellas

 |  February 6, 2012

Vodafone has decided to abandon its planned merger with Wind Hellas amidst E.U. regulators’ concerns of a two-player market in Greece: the Vodafone-Wind Hellas merged company and Hellenic Telecommunications Organization, controlled by Deutsche Telekom.

The Hellenic Telecommunications Organization is Greece’s largest mobile phone service provider, and Vodafone and Wind Hellas are the second- and third-largest, respectively.

Source: Bloomberg


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