The EU Commission conditionally clears a merger between two US leading telecommunications companies (Worldcom / MCI)

"Mergers : Recent Developments and Important Decisions"* In Worldcom/MCI, at the time of its announcement the plan to effect a US$37 billion merger between these two US telecoms companies was the largest merger plan in corporate history. The case was notified to the EU and US competition authorities. After an initial assessment of the notification, the Commission declared the notification incomplete, on the basis of insufficient information about possible product/service markets in the Internet sector. The information requested was received in the

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Authors

  • European Commission - DG TRADE (Brussels)
  • DG COMP (Brussels)

Quotation

Geraldine Emberger, John Kemp, The EU Commission conditionally clears a merger between two US leading telecommunications companies (Worldcom / MCI), 8 July 1998, e-Competitions July 1998, Art. N° 39376

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