Advertisement
UK markets closed
  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     
  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     
  • CRUDE OIL

    79.13
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,330.20
    +19.20 (+0.83%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • Bitcoin GBP

    46,237.36
    -1,731.39 (-3.61%)
     
  • CMC Crypto 200

    1,202.07
    -136.99 (-10.23%)
     
  • NASDAQ Composite

    15,605.48
    -52.34 (-0.33%)
     
  • UK FTSE All Share

    4,418.60
    -11.65 (-0.26%)
     

EU starts in depth study of Deutsche Telekom, Tele2's Dutch deal

FILE PHOTO: A Deutsche Telekom logo is seen at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Photo

BRUSSELS (Reuters) - The European Commission said on Tuesday it had opened an in-depth investigation into Deutsche Telekom's planned purchase of the Dutch operations of Sweden's Tele2.

"We are opening this in-depth investigation to ensure, that the proposed transaction between T-Mobile NL and Tele2 NL will not lead to higher prices or less choice in mobile services for Dutch consumers," Competition Commissioner Margrethe Vestager said in a statement.

The move by the European Commission underscores once again its concerns on telecoms deals where the number of players are reduced from four to three.

(Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop)