Germany’s competition authority, the Federal Cartel Office (Bundeskartellamt), has sent a renewed request to review the proposed merger of Telefonica Germany (O2) and E-Plus to the European Commission (EC), the Wall Street Journal reports. In October shareholders of E-Plus’ Dutch parent Royal KPN approved the sale of its German mobile unit to Telefonica at an extraordinary general meeting, and at the end of the month Telefonica submitted a proposal to the EC seeking approval for the acquisition. Last month the European body stated that it would need to carry out an in-depth investigation of the EUR8.6 billion (USD11.6 billion) deal, rejecting an initial request from Germany to review the acquisition itself. The Bundeskartellamt has argued that the case requires an in-depth examination of whether the merger between the two mobile network operators would lead to competition problems, adding that as the merger exclusively affects the German mobile communications markets, a referral of the case to the German body ‘would be the right approach’. Commission spokesman Antoine Colombani said that the EC has until 12 February 2014 to take a decision on the referral request.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors