Hutchison’s planned €1.3bn takeover of Orange Austria could be on the verge of getting EU regulatory go-ahead. By Anne Morris.
Reuters reported that the BWB, the Austrian competition regulator, said it and all the other European Union national regulators had been invited to a meeting in Brussels tomorrow.
The calling of such a meeting is normally a signal that the EU antitrust regulators have no further issues with the proposed deal, and approval is generally seen as a formality, Reuters said.
The BWB said it still planned to raise its concerns about the merger to the European Commission. “We don’t believe that all our concerns have been addressed,” a spokeswoman for the BWB said. “We want to make sure that there is no harm to Austrian consumers.”
FierceWirelessEurope: Hutchison set to get green light for Orange Austria buy; TelecomTV content partner.
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