The EU Commission prohibits a merger between two US telecommunications companies (MCI WorldCom / Sprint)

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Reference

EU Commission, MCI WorldCom / Sprint, Case COMP/M.1741, 28 June 2000

"Merger Control: main developments between 1st May 2000 and 31st August 2000"* The Commission decided to prohibit the merger between US telecommunications firms MCI WorldCom Inc and Sprint Corp as it would have resulted in the creation of a dominant position in the market for top-level universal Internet connectivity. In the course of the review, the companies proposed to divest Sprint‘s Internet business but this was insufficient to

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Authors

  • European External Action Service (Brussels)
    Belgium 36 contributions 11707 visits
  • Financial Conduct Authority (London)
    United Kingdom 80 contributions 20402 visits
  • DG COMP (Brussels)
    10 contributions 2630 visits

Quotation

Walter Tretton, Neil Marshall, Anna Papaioannou, The EU Commission prohibits a merger between two US telecommunications companies (MCI WorldCom / Sprint), 28 June 2000, e-Competitions June 2000, Art. N° 39139

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