EU anti-trust chief doubts Orange Austria, Hutchison deal

News Wireless Austria 20 SEP 2012
EU anti-trust chief doubts Orange Austria, Hutchison deal
EU anti-trust commissioner Joaquin Almunia has questioned whether 3 Austria can find a suitable concession to appease regulators and secure approval for its proposed EUR 1.3 billion takeover of Orange Austria, Reuters reports. In the text of a speech to be given at Georgetown Law School conference in Washington, Almunia said the deal would reduce the number of competitors in the Austrian mobile market from four to three, and expressed doubt as to whether effective remedies could be found to ease regulatory concerns.

Categories:

Mobile

Companies:

Orange Austria,  3 Austria

Regions:

Europe

Countries:

Austria

Tags:

Voice services, Data services, Messaging, Company, Services, Market, Regulations, Corporate, M&A buyouts & divestments

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