Author: 21st Century Competition

Weekly Roundup – Week of May 26 (Competition Policy International)

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A roundup of last week’s newsworthy job changes, agency hires and law firm openings across the antitrust world.

Armenia: Telcos agree on infrastructure cooperation (Competition Policy International)

Top Armenian telecommunications firms Rostelecom Armenia and ArmenTel have reportedly reached an agreement on how to share ArmenTel’s infrastructure.

Rostelecom announced Friday the companies reached a deal for Rostelecom to lease some of ArmenTel’s infrastructure. The firms have reportedly already sorted out financial details of the agreement.

According to reports, the companies …read more

US: Pharma consolidation advances with latest $1.46B deal (Competition Policy International)

The Federal Trade Commission announced Friday it has cleared the latest pharmaceutical merger proposal as a string of deals in the industry sweeps across the globe.

Forest Laborites has been cleared to acquire Furiex Pharmaceuticals, a deal made for $1.46 billion, according to reports. Forest first announced in late April that …read more

Russia: Duty-free industry quickly approaching monopoly status (Competition Policy International)

Russia’s Federal Antimonopoly Service released a study on the nation’s duty-free market and found it to be a near-monopoly, according to reports.

The FAS announced on its website that two-thirds of border crossings had only one duty-free shop without any competition. Research found that Terminal F at the Sheremetyevo Airport, one …read more