Telefónica de Argentina has launched a civil and commercial challege against the resolution taken by the national government authorizing the merger between Cablevisión and Telecom in a widely anticipated action by the company, which has strongly criticized the decision.
The National Commission for the Defense of Competition (CNDC) and the Ministry of Commerce approved the Cablevisión-Telecom merger, conditioning it to a series of divestments. One of those official requirements was that Córdoba should drop 130,000 clients in order to avoid holding a dominant market position. The company itself holds that it has decided to go to court after the CNDC and the Ministry of Commerce “kept absolute silence” regarding their claims.
The solution found by the merged company was to create a company called Universo Net. Universo Net received those 130,000 clients. Telefónica argues that “the Universo Net company does not demonstrate financial or personal independence, in addition to the fact that the assigned customers are not the company’s assets and can not be transferred”.
Featured News
FTC Targets Oil Executive John Hess Over Alleged Collusion with OPEC
Sep 30, 2024 by
CPI
Chevron Clears Major Hurdle in Hess Merger as FTC Approves Antitrust Review
Sep 30, 2024 by
CPI
Germany Targets Microsoft in Latest Antitrust Action Against Big Tech
Sep 30, 2024 by
CPI
Judge Dismisses Antitrust Claims Against Thomson Reuters in Legal Search Battle
Sep 30, 2024 by
CPI
Epic Games Files Fresh Antitrust Lawsuit Targeting Google and Samsung
Sep 30, 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