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Watchdog opens Phase II review of Telekom Austria’s Yesss! acquisition

 |  June 28, 2012

The BWB, the Austrian cartel office, has opened a Phase II review of Telekom Austria’s proposed acquisition of Yesss!. The regulator is concerned that the deal would raise prices for consumers, as Yesss! is the only competitor to Telekom Austria’s bob–both are budget mobile operators. The next stage of the review will take five months.

The extended review delays Hutchison 3G’s $1.6 billion takeover of Orange Austria, as a condition of that deal was the sale of Yesss! by Orange.

Full content: Reuters


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