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General

EC approval of Orange-Jazztel deal depends on price pledge

Tuesday 3 March 2015 | 13:51 CET | News
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The European Commission's competition authority will require Orange to commit to keeping prices low as a condition for approving its proposed EUR 3.4 billion takeover of Spanish operator Jazztel, according to unnamed sources cited by El Confidencial. The EC's anti-trust commissioner Margrethe Vestager last week sent a document to Orange and Jazztel setting out concerns about the competitive implications of their proposed merger. One of the conditions for approval included in the document is a commitment to maintain Jazztel's low-price policy for at least two years, said one of the sources.

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Categories: General
Companies: European Commission / Jazztel / Ono / Orange / Telefonica / Vodafone
Countries: Spain
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