EU regulators push back deadline on Orange-MASMOVIL deal to 4 September
#antitrust #regulators for the #EU have extended the deadline for their final ruling on the proposed EUR18.6 billion (USD20.5 billion) merger of #Spanish telcos #Orange #Espana and Grupo #MASMOVIL until 4 September 2023, according to a European Commission filing dated 28 April.
#EU #antitrust #regulators launched a full investigation into the planned tie-up amid concerns on how it might adversely affect competition in the local market. The #EU’s competition watchdog expressed significant concerns over the plan noting: ‘The transaction would reduce the number of network operators in Spain, thereby eliminating an innovative and significant rival. This could lead to higher prices and lower quality of telecom services for customers.’