EU Rejects German Regulators Request to Let Them Handle Local Merger
Published on: 31st Jan 2014
Note -- this news article is more than a year old.
The European Commission has refused a request from the German authorities to let them decide on the planned planned acquisition of E Plus by Telef nica Deutschland.
German regulators had wanted to handle the issue themselves under German competition law, but the Commission says that it is better placed to deal with the case because of the need for a consistent application of the merger control rules in the EU.
The Commission also said it had more experience in handling these issues, which doubtless went down well with their German counterparts. The Commission added that it will nonetheless continue to cooperate closely with the German competition authority in the assessment of the proposed transaction.
The Commission will now continue its investigation into the proposed transaction, opened on 20 December 2013.
Over the past few years the Commission has assessed merger cases in the mobile telecommunications sector in Austria, the Netherlands and the UK, and is currently assessing Hutchison 3G's proposed acquisition of O2 Ireland.