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Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:14 EDTTEFTelefonica acquisition of E-Plus approved by European Commission
The European Commission announced it has approved under the EU Merger Regulation the proposed acquisition of Dutch Telecom operator KPN's (KKPNY) German mobile telecommunications business E-Plus by Telefenica Deutschland (TEF). The approval is conditional upon the full implementation of a commitments package submitted by Telefonica. The Commission had concerns that the merger, as initially notified, would have removed two close competitors and important competitive forces from the German mobile telecommunications market and that it would have further weakened the position of Mobile Virtual Network Operators and Service Providers to the detriment of consumers. To address these concerns, Telefonica submitted commitments ensuring that new competitors will enter the mobile telecommunications market in Germany and that the position of existing competitors is strengthened. These commitments remove the Commission's concerns.
News For TEF From The Last 14 Days
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July 18, 2014
07:10 EDTTEFTelefonica smaller Telecom Italia share could cut Brazil worries, Reuters says
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July 16, 2014
12:50 EDTTEFTelefonica approves sale of bonds exchangeable into Telecom Italia shares
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July 14, 2014
14:58 EDTTEFKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link

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