The Latest in IT Security

Telefonica to win EU approval for $11 billion E-Plus bid: sources

17
Jun
2014

By Foo Yun Chee BRUSSELS (Reuters) – Telefonica will win EU approval for its 8.6-billion-euro ($11.7 billion) bid for KPNs German unit E-Plus after agreeing to let smaller rivals in Germany piggyback on its mobile network, two people with knowledge of the matter said. To secure EU approval for the E-Plus deal, Telefonica – Europes biggest telecoms provider by revenue – will allow some smaller operators to lease at least a fifth of the combined companys network capacity, the sources said. The European Commission will clear the deal, said one of the people, who declined to be named because the European Union decision is not yet public. The concessions could help up to three smaller operators, so-called mobile virtual network operators (MVNOs), following regulator concerns that the merger would reduce competition in Europes biggest telecoms market, the sources said.

Comments are closed.

Categories

THURSDAY, APRIL 25, 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