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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.
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