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Telefonica offers EU concessions for E-Plus deal approval

Friday 11 April 2014 | 17:05 CET | News
Telefonica has offered EU anti-trust officials concessions as it tries to win approval for its proposed takeover of KPN's German unit E-Plus. The EC's Competition department said the concessions were submitted 10 April, extending its investigation of the proposed merger by 10 days. As a result, it should rule on the EUR 8.6 billion deal by 23 June. Telefonica Deutschland spokesman Albert Fetsch told Reuters that the company is still confident of winning merger clearance in Q2.

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Categories: Mobile & Wireless
Companies: E-Plus / KPN / Telefonica / Telefonica Deutschland
Countries: Germany
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