MERGERS: COMMISSION OPENDS IN-DEPTH INVESTIGATION INTO HUTCHISON'S PROPOSED ACQUISIITON OF TELEFÓNICA UK* The European Commission will investigate in-depth Hutchison's takeover of Telefónica UK. The European Commission has opened an in-depth investigation under the EU Merger Regulation to assess whether the proposed acquisition of Telefónica UK by Hutchison would harm competition. The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation for customers of mobile telecommunications services in the UK. Commissioner Margrethe Vestager, in charge of competition policy, said: "Mobile telecom services are increasingly important to consumers. Both to keep in touch with family and friends and to access online
Share on
|
|
The EU Commission opens an in-depth investigation concerning a merger in the mobile telecommunications market (Hutchison / Telefónica UK)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
