Briefs: Euros clear France Telecom-Amena deal

October 24, 2005

France Telecom's planned acquisition of Spanish mobile operator Amena was approved by the European Commission Monday.

The EC said in a statement that the commissioners did not find any indication that competition in the European market would be significantly harmed by the $8 million deal.

The proposal would give France Telecom 80 percent of Amena and make the French company the second-largest mobile operator on the continent.

France Telecom operates in much of Europe, but not in Spain. Amena, on the other hand, is only in the Spanish market.

The EC said, "There are no horizontal overlaps between the activities of the parties in their respective countries.

"Furthermore, the transaction does not raise any substantial vertical competition concerns in the markets for wholesale international roaming and fixed and mobile telecommunications."

Copyright 2005 by United Press International

Explore further: Ubuntu to reach milestone with launch of phone via BQ

Related Stories

Ubuntu to reach milestone with launch of phone via BQ

February 9, 2015

It's on its way: the first Ubuntu-based smartphone is to go on sale soon for a little over $190 in a flash sale across Europe; there will be a series of online flash sales over the coming weeks. This will be offered as the ...

Europe's telecoms remain on toes

November 10, 2005

The rapid change in Europe's telecommunications industry stepped up further as Swisscom acknowledged Wednesday it was in talks with Ireland's Eircom for a potential buyout.

Recommended for you

Early human diet explains our eating habits

August 31, 2015

Much attention is being given to what people ate in the distant past as a guide to what we should eat today. Advocates of the claimed palaeodiet recommend that we should avoid carbohydrates and load our plates with red meat ...

Image: Hubble sees a youthful cluster

August 31, 2015

Shown here in a new image taken with the Advanced Camera for Surveys (ACS) on board the NASA/ESA Hubble Space Telescope is the globular cluster NGC 1783. This is one of the biggest globular clusters in the Large Magellanic ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.