Telefonica consolidation test case under way

April, 15 2014

Spanish telecoms company Telefonica SA said it would help create a rival in order to assuage fears that it will become a monopoly when it merges with its current competition, E-Plus.

Telefonica SA said it would help create a rival in order to assuage antitrust fears. Ipv

Telefonica plans to buy out competitor E-Plus for €8.6b ($11.8m), and the move has regulators nervous that prices will rise if Telefonica acquires its competition. The Spanish telecoms giant agreed to give the fabricated rival a small amount of higher frequency spectrum; the offer is equivalent to a seventh of the spectrum that Telefonica holds. Source: Financial Times

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Telefonica consolidation test case under way

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