EU Clears Telefonica's Takeover Of German E-Plus - Presented by: The Aol. On Network

The European Union's antitrust authority has approved mobile network operator Telefonica's 8.55 billion-euro bid to buy its competitor E-Plus under certain conditions, creating Germany's biggest mobile phone company in terms of customers. The EU Commission said Wednesday the deal is conditional on Telefonica selling up to 30 percent of the merged company's network capacity to service providers to boost competition.



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