Category: Global Blogs

Norway: Tele2 exits country after botched spectrum auction (Competition Policy International)

Sweden-based Tele2 has announced that it has sold its Norwegian wireless business, months after its operations in the nation were put into question following a failure to acquire sufficient spectrum at auction.

According to reports, Tele2 will sell its Norway unit to rival TeliaSonera in a deal worth nearly $745 million. …read more

Mexico: Hogan Lovells expands Latin America presence (Competition Policy International)

Competition law firm Hogan Lovells has heightened its presence in Latin America with a recent partnership with Mexico’s Barrera, Siqueiros y Torres Landa, leading to two new offices in the nation.

According to reports, Hogan Lovells will begin operating its two new offices as Hogan Lovells BSTL on August 1. The …read more

UK: New banks flood in to compete (Competition Policy International)

A year after UK authorities relaxed rules to allow new banking market entrants in efforts to boost competition, reports say five new banks have already emerged, with more to follow.

According to the UK’s Financial Conduct Authority and the Bank of England, more than two dozen banking applicants have so far …read more

EU: Commission’s tax probe amplifies to include Amazon (Competition Policy International)

As Europe launches an investigation into several member states and several major conglomerates about their tax relationship, reports say the probe has widened to include Amazon and its operations in Luxembourg.

Last June, the European Commission launched an investigation into Apple and its relationship with Ireland. The probe is looking at …read more