Thursday, January 28, 2010

EC Approves Telefónica O2's Acquisition of Hansenet

The European Commission has cleared the proposed acquisition of Hansenet Telekommunikation GmbH of Germany by Telefónica of Spain. The Commission concluded that the concentration would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. Telefónica and Hansenet are not major competitors for each other in any of the relevant markets. Moreover, both the horizontal and the vertical relationships between the activities of Hansenet and Telefonica in Germany are limited and the combined firm would continue to face a number of strong, effective competitors, including the incumbent operator Deutsche Telekom.

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