je.st
news
EC set to raise objections over Wind-3 Italia deal - report
2016-04-28 12:01:00| Telecompaper Headlines
(Telecompaper) The European Commission is preparing to publish a statement of objections to the proposed merger of Wind and 3 Italia, the Italian subsidiaries of VimpelCom and Hutchison Whampoa, according to unnamed sources cited by Bloomberg. The statement, to be issued in June, will set out a series of antitrust concerns over the EUR 21.8 billion merger, said the sources. Although the publication of a statement of objections doesn't mean the transaction will be blocked, the EC is likely to ask both companies to agree to a series of strict conditions designed to protect competition, such as the sale of units or agreements to aid the entry of a new operator. The Commission is scheduled to publish its final decision on 18 August.
Tags: set
report
deal
italia
Category:Telecommunications