The Latest in IT Security

EU seeks feedback to Hutchison concessions for 02 Ireland buy

21
Mar
2014

EU antitrust regulators are seeking industry feedback over concessions offered by Hutchison Whampoa to secure approval for its $1 billion bid for Telefonicas 02 Ireland, two people familiar with the matter said on Thursday. Hong Kong-based conglomerate Hutchison Whampoa submitted fresh concessions to the European Commission earlier this week after a March 5 proposal failed to satisfy the European Union authority, said one of the people, declining to provide details. The company is prepared to sell radio spectrum and continue a network sharing agreement with rival eircoms subsidiary Meteor, the third-biggest operator in Ireland, a source familiar with the matter told Reuters last month. The deal is a sign of how tough the European Commission will be on telecoms mergers, especially over a bigger deal in Germany where Telefonica Deutschland wants to buy KPNs E-Plus for 8.6 billion euros.

Comments are closed.

Categories

FRIDAY, APRIL 26, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments