The European Commission opens an “exhaustive” investigation into the planned merger between MásMóvil and Orange
Brussels has warned that this merger “would reduce the number of network operators in Spain, thus eliminating an innovative and significant competitor”, which could lead to “higher prices and lower quality of telecommunications services for customers”.
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Euskaraz irakurri
Euskaraz irakurri: Europako Batzordeak Orange eta MasMovil enpresen arteko bat-egiteari buruzko ikerketa “sakona” abiatu du
The European Commission (EC) has announced on Monday the opening of an “exhaustive” investigation into the planned merger between Orange and MásMóviland has said that it is concerned that the operation “could reduce competition in the retail provision of mobile and fixed broadband services and in the offer of multiple service packages in Spain.”
In a statement, Brussels has warned that this merger between two of the main mobile phone operators “would decrease the number of network operators in Spain, thus eliminating an innovative and significant competitor”, which could lead to “higher prices already one lower quality of services telecommunications for customers.
Brussels must conclude this “exhaustive” investigation into the effects of this merger in the coming 90 business days (this is, before August 21 of this year) and determine “whether its initial competition reservations are confirmed”.
The operation, announced last July, implies a valuation of the company of 18,600 million euros, of which 7,800 correspond to Orange (the second mobile telephone operator in Spain) and 10,900 to MoreMobile (fourth in the same sector).
Source: Eitb
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