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
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 “the substantial cost savings and other synergies associated with the transaction will allow us to price all …read more
The head of the EU’s Digital Agenda, Neelie Kroes, is speaking out in support of competition chief Joaquin Almunia and his proposed settlement with Google, an offer highly criticized by consumer advocates and Google rivals for inadequately addressing the company’s market dominance.
In a letter sent by Almunia to his fellow …read more
Bank lobbyists are encouraging lawmakers to relax the barriers to entry of the banking industry to boost competition, according to reports.
Banking lobby group the British Bankers’ Association spoke Monday to champion the government to establish rules that would cap the size of banks and lower the cost for new competitors …read more