EU Clears Spain's Telefonica to Buy O2
An AP newswire article, via Yahoo! News, reports that:
European regulators on Tuesday cleared a $31.5 billion deal by Telefonica SA to buy British wireless operator O2 PLC after the Spanish acquirer agreed to exit an international roaming alliance.
The European Commission said it was concerned the deal would damage competition in the market for international roaming services, which allow travelers use their cell phones on wireless networks in other countries.
posted by Fergie @ 1/10/2006 09:59:00 AM
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