The brand of Vodafone is seen at a Vodafone retailer in Northwich, Cheshire, Britain, June 7, 2023. REUTERS/Jason Cairnduff Purchase Licensing Rights
BRUSSELS, Nov 2 (Reuters) – Vodafone (VOD.L) and CK Hutchison’s $19 billion cell merger in Britain doesn’t pose any competitors considerations to EU antitrust regulators, based on a European Fee submitting.
The businesses sought approval from the EU competitors enforcer for his or her bid to create the UK’s largest cell operator on Oct. 30.
The Fee, which set a Dec. 6 deadline for its resolution, is reviewing the deal underneath its simplified process.
It makes use of this procedures for mergers which aren’t prone to increase competitors considerations and the place clearance is a foregone conclusion.
The deal in distinction faces intense scrutiny from the UK’s Competitors and Markets Authority as a result of it’s going to cut back the variety of networks from 4 to a few, a threshold which regulators fear might cut back competitors.
Reporting by Foo Yun Chee; Modifying by Kirsten Donovan
Our Requirements: The Thomson Reuters Belief Rules.
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