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The European Commission publishes the T-Mobile survey on the acquisition of Tele2. There should be a decision in October first, but this has been delayed. Permission is required from the European Commission before the acquisition can continue.
Takeover of Tele2
In December of last year, T-Mobile announced that it would take over Tele2. Companies would continue under the T-Mobile flag. The objective was to obtain a better competitive position vis-à-vis VodafoneZiggo and KPN. T-Mobile will put 190 million on the table for the acquisition, bringing the total number of customers to 4.5 million. Tele2 would also receive a 25% share in the new combined company, while Deutsche Telekom (owner of T-Mobile) would receive 75%.
In June, it was announced that an investigation into this takeover by the Commission was created. They would check if the merger would not result in higher prices, fewer choices and less innovation. The recovery would leave only three suppliers in the Netherlands. T-Mobile's just defended by stating that the two big players should be challenged and that's the best way.
Up to now, a chronology of events. Now the news has come out that the takeover investigation has been put on hold. More time is needed to successfully complete the study. The exact reason for the break in the investigation is not clear. A decision on the merger should be made on October 17th. With the postponement of this deadline, all acquisition was also delayed: the European Commission must first authorize the recovery before it can continue. For example, mergers have already been banned in Denmark and the United Kingdom.
The fact that the European Commission takes this seriously with non-competition clauses is clear from Google's 4.3 billion fine. By this, Google requires manufacturers to install Chrome and the search engine when the Play Store is used, which would prevent innovation.
Source: AD.nl, via NOS.nl
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