T-Mobile: EU authorises acquisition of Tele2 NL

(CercleFinance.com) - The European Commission has authorised T-Mobile's proposed acquisition of Tele2 NL.
It reached the conclusion that the acquisition would not increase competition issues in the European Economic Area.

Today's decision follows a thorough review of T-Mobile NL's proposed acquisition of Tele2 NL. The proposed operation should lead to the merger of T-Mobile NL, a subsidiary of Deutsche Telekom, and Tele2 NL, a subsidiary of Tele2, which are respectively the third and fourth largest operators in the Dutch mobile telecommunications market. The entity resulting from the merger would still be in third position on the Dutch market, after KPN and VodafoneZiggo.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Commissioner Margrethe Vestager, in charge of competition policy, said: "Access to affordable and good quality mobile telecom services is essential in a modern society. After thoroughly analysing the specific role of T-Mobile NL and the smaller Tele2 NL in the Dutch retail mobile market, our investigation found that the proposed acquisition would not significantly change the prices or quality of mobile services for Dutch consumers".



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