Author: 21st Century Competition

Brazil: Antitrust execs advise against chemical merger (Competition Policy International)

A high committee within Brazil’s antitrust authority CADE has reportedly recommended against approving a proposed merger between two chemical companies, local reports say Tuesday.

Petrochemical conglomerate Braskem is looking to acquire Solvay Indupa, which operates in Brazil and Argentina, a deal that would open the door for Belgium’s Solvay into Brazil …read more

EU: Copyright chief wants competition probe (Competition Policy International)

The head of copyright at the European Commission is calling for the competition arm of the authority to open an investigation into unfair copyright contracts, according to report.

The Head of the Copyright Unit for the Internal Market Directorate General (DG MARKT), Maria Martin-Prat, told reporters that the Commission should probe …read more

Slovakia: Deutsche Telekom facing dominance abuse fine (Competition Policy International)

Germany wireless giant Deutsche Telekom and its operations in Slovakia are reportedly facing fines from the European Commission for abusing its market dominance, according to sources.

The sources said Tuesday that the Commission will fine the companies for squeezing out rivals from the market by requiring Slovakian competitors to pay excessive …read more

US: AT&T testimony promises post-merger benefits (Competition Policy International)

AT&T testified in Congress Tuesday to convince lawmakers its proposed acquisition of DirecTV will lead to lower prices, according to reports.

Congress’s House Judiciary Committee heard testimony from AT&T CEO Randall Stephenson that argued β€œthe substantial cost savings and other synergies associated with the transaction will allow us to price all …read more