EU antitrust regulators set March 20 deadline for Orange's MasMovil bid

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EU antitrust regulators set March 20 deadline for Orange's MasMovil bid
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BRUSSELS : EU antitrust regulators will decide by March 20 whether to clear French telecoms provider Orange's $19 billion bid for Spanish telecoms provider MasMovil, a European Commission filing showed on Tuesday.Orange sought EU approval the previous day.The EU competition watchdog can clear the d

BRUSSELS : EU antitrust regulators will decide by March 20 whether to clear French telecoms provider Orange's $19 billion bid for Spanish telecoms provider MasMovil, a European Commission filing showed on Tuesday.The EU competition watchdog can clear the deal with or without remedies after its preliminary review ends, or it can open a four-month investigation if it has serious concerns.

The deal marks a tie-up between Spain's second and fourth largest telecoms operators, which could trigger more stringent scrutiny by the Commission.

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