The EU Commission fines a multinational cable and telecommunications company €124.5 million for breaching EU Merger Regulation by implementing its acquisition before the approval by the Commission (Altice / PT Portugal)

The European Commission (Commission) announced today its decision to fine multinational cable and telecoms company Altice €124.5 million for breaching the EU Merger Regulation by implementing its 2015 acquisition of a telecommunications operator, PT Portugal, before notification to, or approval by, the Commission (so-called “gun-jumping”). This is the highest fine imposed by an antitrust authority for gun-jumping. Altice has already confirmed that it will appeal the decision to the EU's General Court. Whilst the

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.

 

PDF Version

Authors

  • Freshfields Bruckhaus Deringer (London)
  • Freshfields Bruckhaus Deringer (Brussels)
  • Freshfields Bruckhaus Deringer (Brussels)
  • Freshfields Bruckhaus Deringer (London)

Quotation

Alastair Chapman, Sascha Schubert, Thomas McGrath, Sneha Ramakrishnan, The EU Commission fines a multinational cable and telecommunications company €124.5 million for breaching EU Merger Regulation by implementing its acquisition before the approval by the Commission (Altice / PT Portugal), 24 April 2018, e-Competitions Merger Remedies, Art. N° 94238

Visites 41

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues