Spain: No pre-conditions expected from regulator on Euskaltel and Orange merger
The vaunted purchase of local telephone company Euskaltel by its British counterpart Orange would not pose regulatory problems, according to analysts at Sabadell, as the four operators that the CNMC has sought to preserve will remain active: Movistar, Vodafone, Orange and Másmóvil.
Meanwhile, the British fund Zegona (15% of Euskaltel) is willing to buy an additional 12.5% of the cable operator to become the main shareholder, edging out Kutxabank (21%). Their goal is to control the company and expand it across the rest of Spain, which could be complicated if the purchase of Orange materializes.
The operation has also aroused short-term concerns, such as the reduction of synergies following the success of the Virtual Mobile Operator agreement that already exists between the companies. The operation could also be affected by the drag of payments for football broadcasting rights, as well as the need to integrate the Euskaltel network with Orange’s optical fiber, requiring significant investment.
Full Content: Hispanidad
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CMA Fines Tereos £25,000 for Failing to Provide Key Information in Merger Probe
Sep 27, 2024 by
CPI
Google Defends Its Role in Online Advertising Market in Antitrust Trial
Sep 27, 2024 by
CPI
Musk’s X Requests Brazil Supreme Court to Resume Service After Shutdown
Sep 26, 2024 by
CPI
Visa Acquires AI Firm Featurespace to Enhance Fraud Prevention
Sep 26, 2024 by
CPI
Visa Gears Up for Legal Fight with DOJ Over Debit Card Monopoly Allegations
Sep 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh