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BT files for competition approval of EE takeover
2015-05-18 19:52:00| Telecompaper Headlines
(Telecompaper) BT said it made its formal application to the UK's Competition and Markets Authority for approval of the proposed acquisition of EE from Orange and Deutsche Telekom. BT said the acquisition "will be good for competition, investment and innovation in the UK - and that consumers and businesses will benefit as a result". BT agreed in February to buy the UK's largest mobile operator for GBP 12.5 billion. Its re-entry on the mobile market is expected to support a new quad-play offering and strengthen its position among customers on the broadband and TV markets, allowing it to better compete with rivals Sky, Virgin Media and TalkTalk. While the acquisition will not change the number of mobile operators in the UK, regulatory approval may take longer than hoped due to the other pending acquisition in the UK market, of O2 UK by Hutchison Whampoa, owner of 3 UK. In addition, some industry players have raised concerns that BT's dominant position in the wholesale and retail broadband markets may be extended to impact the MVNOs on EE's network. BT said the ability of its landline and mobile rivals to compete with BT using its arms-length Openreach network will be unaffected by the acquisition. Furthermore its market shares in the broadband and mobile markets remain under the threshold that regulators normally look for before considering whether action is required. BT has asked the CMA to proceed directly to a phase 2 investigation into the proposed acquisition in order to speed up the process. The CMA confirmed the request, which would significantly shorten the usual 40-day phase 1 investigation. The regulator will confirm within about three weeks whether it will move directly to a Phase 2 inquiry. In the meantime, it opened a page on its website for industry comments on the proposed acquisition. BT reiterated its expectation that the regulatory process and the EE transaction should be completed by the end of March 2016.
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files
approval
competition
Exelon (EXC) Stock Soaring on Pepco Merger Approval
2015-05-17 04:00:58| Energy - Topix.net
"Our proposal delivers significant economic benefits to Maryland customers, increases reliability, promotes energy efficiency and advances clean energy as part of a long-term commitment to improve service and modernize our grid. We will have more to say once we have time to study the order," Exelon said in a statement announcing the deal's approval.
Tags: stock
approval
merger
soaring
France's SNCF gets European Commission approval to take over Eurostar
2015-05-15 01:00:00| Railway Technology
The European Commission (EC) has granted approval for French rail operator SNCF Mobilites to take full control of cross-channel train company, Eurostar International.
Tags: european
commission
approval
european commission
May 14: Tentative Approval by Council; Final Decision June 10
2015-05-14 19:20:48| PortlandOnline
Tags: june
final
decision
council
Empower RF Systems Patent Approval - "RF Power Amplifier and Method of Assembly for Same"
2015-05-14 12:31:10| Industrial Newsroom - All News for Today
United States Patent 9,007,125 B2, recently awarded to Empower RF Systems, validates the uniqueness of the hardware architecture in use on Empower's high power, next generation amplifiers. The ability to deliver 1 kW CW broadband power in an air cooled, 5U chassis (and other combinations of power and chassis sizes...
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