Advertisement

EU sets March 30 deadline for Orange and MasMovil merger

  • Web Desk
  • Share

Orange and MasMovil

French telecom carrier Orange

Advertisement
  • The merger of Orange and MasMovil will be decided on March 20.
  • EU will approve the deal after preliminary evaluation.
  • The carriers may as Commission for closer inspection.
Advertisement

According to a European Commission filing on Tuesday, EU antitrust officials will decide by March 20 whether to approve the $19 billion merger of French telecom carrier Orange and Spanish telecom provider MasMovil in Spain.

Orange requested EU clearance the day before.

After completing its preliminary evaluation, the EU competition authority can either approve the deal with or without remedies or if it has major concerns, it can launch a four-month inquiry.

The partnership between Spain’s second and fourth-largest telecom carriers represented by the deal may subject the Commission to closer inspection.

Also Read

Former U.S. congressman Buyer charged with insider trading ahead of telecoms merger

Ex-U.S. Congressman Stephen Buyer charged with insider trading for purchases of Sprint...

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Pakistan successfully launches first Hyperspectral Satellite HS-1 from China
Gold price decreases in Pakistan: Check new rates here
Suzuki Swift GL CVT new easy installment plan- October 2025
BTC TO PKR – Today’s Bitcoin price in Pakistan on October 18, 2025
BTC TO USD – Today’s Bitcoin price in Dollar on October 18, 2025
Currency Exchange Rates in Pakistan Today
Next Article
Exit mobile version