Category: Global Blogs

Africa: Regional competition authority marks $1B worth of mergers (Competition Policy International)

The Common Market for Southern and Eastern Africa announced that it has cleared more than $1 billion worth of merger deals in nine member states last year.

The COMESA Competition Commission Chief Executive Officer George Lipimile said this week that COMESA has helped streamline the merger review process for its member …read more

India: Authorities consider ending telco price-setting freedoms (Competition Policy International)

The ability for telecommunications companies to set fixed prices for mobile services could soon be limited, Indian regulators have warned.

The Telecom Regulatory Authority of India announced Wednesday that it is considering ending this freedom of telcos if they hike prices beyond current base rates.

The TRAI has recently suggested lowering rate …read more

Germany: State bank fulfills bailout deal with divestiture (Competition Policy International)

Bayerische Landesbank will sell its Hungarian operations, MKB Bank, to the Hungarian government. In return, BayernLB will receive $74 million. MKB will also be absolved of millions of dollars worth of loans it owes to BayernLB.

According to reports, its Hungarian unit cost the company billions of dollars since 1994, when …read more

Canada: Supreme Court shuns real estate competition spat (Competition Policy International)

Canada’s Supreme Court has declined to hear an appeal requested by the Toronto Real Estate Board of an earlier ruling that reports say could renew arguments that the Board abuses its market dominance.

According to repots, the TREB won its initial case, but a court ordered a second hearing of the …read more