SEARCH MENU
Caspian Energy Journal Caspian European Club
Thursday, 17 April 2014 20:00

Commission approves acquisition of GTS Central Europe by Deutsche Telekom

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of telecommunications company GTS Central Europe ("GTS") of Luxembourg by rival Deutsche Telekom ("DT") of Germany. The Commission concluded that the transaction would not raise competition concerns, because the merged entity would continue to face strong competition after the merger and customers would still have sufficient alternative suppliers in all markets affected, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of European Commission.

The Commission examined the effects of the merger on competition in several markets in Hungary, Romania, the Czech Republic and Poland, where the parties have overlapping activities or vertical links. GTS' Slovak business is not concerned by this transaction.

The Commission also assessed the impact of the transaction on a large number of markets where the merging companies are active at different levels of the supply chain.

Read 639 times
POWERED BY ZEYNURBABAYEV