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General

EC fines Altice EUR 125 mln for breaching EU rules over merger notification

Tuesday 24 April 2018 | 14:20 CET | News
For its part, Altice said it fully disagrees with the Commission's decision. It believes the transaction agreement governing the management of the target during the pre-closing period provided Altice with a consultation right on certain exceptional matters relating to PT Portugal, and was in accordance with well-established M&A market practice. Altice said it will file an appeal against the Commission's decision before the EU General Court to request that the decision as a whole be annulled or, at the very least, that the sanction be significantly reduced.

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Categories: General
Companies: Altice Europe / Cabovisao / European Commission / Oni / PT Portugal
Countries: Portugal
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