Three sources told reporters Friday that the European Commission is closing in on offering formal approval for Spain-based Telefonica to acquire Germany’s E-Plus, reports say.
The $11.7 billion takeover would reduce the number of operators in Germany from four to three. Experts have been eyeing the Commission’s review of the merger …read more
A class action launched in 2007 against several air cargo competitors found to have colluded to fix service prices has been cleared for settlement, reports say.
A judge approved Friday of a $35 million settlement to be paid to air cargo customers by Qantas Airways, Lufthansa Cargo, Singapore Airlines, Cathay Pacific, …read more
Mexico’s recently revamped competition authority is slated to review the nation’s banking sector, which has gone largely ignored by regulators for several years, according to reports.
Mexico’s federal Economic Competition Commission told reporters that one of its “top priorities is the financial sector” and that it will focus on “widening the …read more
Spain’s largest telecommunications company Telefonica is reportedly expected to go to court with Brazilian regulators after the company lost an appeal of a ruling requiring Telefonica to loosen its grip in the South American nation.
Brazil antitrust regulator CADE ruled last December that Telefonica must find another partner to share ownership …read more