EU regulators extend decision on Orange, MasMovil deal to Sept 4
Reuters
Published Apr 28, 2023 16:22
BRUSSELS (Reuters) - EU antitrust regulators have extended the deadline for their decision on Orange and MasMovil's 18.6-billion-euro ($20.5 billion) Spanish telecoms tie-up to Sept. 4, according to a European Commission filing on Friday.
The deal between Spain's second-largest telecoms provider and fourth-ranked MasMovil announced in July last year is seen as a test of whether EU regulators will loosen their tough line on telecoms consolidation.
The Commission opened a full-scale investigation earlier this month, warning that the deal would eliminate an innovative and significant rival in Spain that could result in higher prices and lower quality of telecoms services.
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Written By: Reuters
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