Electric company Red Eléctrica de España (REE) ha been cleared by the National Commission of Markets and Competition (CNMC) to acquire a majority stake of 89.68% over the Spanish satellite operator Hispasat, currently in the hands of rival company Abertis .
After the operation, REE will become “One of the main administrators of telecommunications infrastructure in the country,” said the president of REE, Jordi Sevilla. meanwhile, Abertis would be concluding its ongoing divestment process, focusing its activities towards transport infrastructures.
REE and Abertis have stated they are confident that the transaction will be completed within the first half of this year, once it obtains authorization from the government. Hispasat manages assets—the satellites, which are owned by the State—so it requires more scrutiny in its decision.
Full Content: Expansión
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
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