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Telefonica seeks EU approval to acquire E-Plus

Tuesday 5 November 2013 | 15:43 CET | News
Telefonica has filed for EU anti-trust approval for its proposed takeover of German mobile network E-Plus from KPN, reports Reuters. The merger will increase Telefonica's share of the German mobile services revenue to around 30 percent. The EC said it would whether to give approval by 06 December. Analysts expect the preliminary review to be extended into a full investigation, which could last up to five months.

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