Telefonica consolidation test case under way


By Melissa Lesh

15 April 2014 at 10:52 BST


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

 
   
 
 
 

Also read...

Female GCs shortfall in compensation 'significant' at leadership levels

Inaugural ACC Global Compensation Report reveals women fall short at highest levels, while outside experience leads to higher total pay