Category: Global Blogs

Mexico: Officials order halt to AT&T merger (Competition Policy International)

Mexico officials are reportedly ordering AT&T not to continue its merger process with DirecTV until the companies gain approval by telco authorities.

According to reports, Mexico’s Federal Telecommunications Institute is requiring AT&T and DirecTV to obtain approval for the $48 billion deal by the Institute’s Unit for Economic Competition.

DirecTV holds a …read more

US: New claims added to LIBOR lawsuit (Competition Policy International)

A federal judge Monday allowed plaintiffs to add claims to their lawsuit against Barclays, Rabobank and others that accuse the lenders of LIBOR manipulation, reports say.

US District Judge Naomi Reice Buchwald granted the plaintiffs’ request to add charges that the banks manipulated the LIBOR benchmark rate to gain trading advantages, …read more

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