The EU Commission sends a statement of objection to a multinational company operating in the telecommunications sector alleging a breach of the merger regulation (Altice / PT Portugal)

On May 18, 2017, the European Commission (the Commission) sent a “statement of objections” [1] to Altice – a Netherlands-based multinational company operating in the telecommunications (TLC) sector – alleging that it breached the EU Merger Regulation (Regulation N. 139/04, or EUMR) by implementing the acquisition of PT Portugal prior to the Commission’s clearance of the concentration or even prior to the notification of the transaction (so called gun jumping). The same day, the Commission issued a landmark decision fining Facebook €110 million for allegedly providing incorrect information in the course of the merger control proceedings for the acquisition of WhatsApp in 2014. Shortly after (on July 6), the Commission announced it sent formal accusations to: General Electric and, separately,

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  • Portolano Cavallo (Milan)

Quotation

Enzo Marasà, The EU Commission sends a statement of objection to a multinational company operating in the telecommunications sector alleging a breach of the merger regulation (Altice / PT Portugal), 24 April 2018, e-Competitions Merger Remedies, Art. N° 100089

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