Antitrust NewsWatch: EU opens in-depth probe Into T-Mobile buy of Tele.Ring | Cellular-News.com

Tuesday, November 15, 2005

EU opens in-depth probe Into T-Mobile buy of Tele.Ring | Cellular-News.com

"BRUSSELS -(Dow Jones)- The European Commission on November 14 launched an in-depth investigation into T-Mobile Austria's plan to buy rival Tele.Ring Service GmbH. The deal 'may create significant competition problems by removing Tele.Ring as a competitor for (consumers),' the commission found in its initial investigation. 'This takeover is in a strategically important sector in the European economy,' E.U. antitrust chief Neelie Kroes said in a statement."
EU Opens In-depth Probe Into T-Mobile Buy Of Tele.Ring