Li Jiacheng European Cargo Clearance Again Blocked 6 Billion 300 Million Acquisition Will Face Investigation

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< p > "the committee is worried that mergers and acquisitions will weaken the competition in the mobile communications market." The European Commission says the Committee has 90 working days now, that is, it will make a decision by next March 24th. < /p >
< p > Ireland says it has learned that the decision of "a href=" http://www.91se91.com/ "EU" /a "committee. "The European Commission has announced several times earlier that it will study in detail the merger of telecommunications activities in all countries. Therefore, it is not surprising that the decision to launch an in-depth investigation is now unsurprising, and the decision of C's in-depth investigation does not predict the final outcome of the review." Ireland emphasizes that the merger of the two businesses is beneficial to market competition and telecommunications customers in Ireland, and is confident that it will be approved by the European Union's staff committee. < /p >
< p > "whether or not to conduct in-depth investigation depends on the impact of M & A transactions, and the investigation itself is a normal procedure." Chinese University Hong Kong law school professor Sandra Marco Colino told this newspaper. < /p >
< p > according to the EU's M & a rules, if the M & a transaction meets two conditions at the same time, the sum of the business income of the enterprises involved in the global market is more than 5 billion euros, and at least two of the enterprises have more than 250 million euros in the EU's operating income, the exchange rate will need to be approved by the EU's anti a href= "http://www.91se91.com/" monopoly /a. < /p >
< p > "transaction combines two of the four mobile networks in Ireland, and the merged entity is the same as the largest carrier Vodafone." The European Commission believes that the initial market survey shows that the number of operators from four to three, may lead to the merger of 3 Ireland instead of pressure on the remaining competitors. < /p >
< p > except Ireland and O2, there are only two other a href= "http://www.91se91.com/" mobile network operators in the Irish market, Vodafone and Eircom. After the completion of the acquisition, the number of active users in 3 Ireland will increase to 2 million, and the market share will rise to 37.5%, next only to Vodafone. < /p >
Last year, Huang also planned to buy Eircom in bankruptcy protection with 2 billion euros, which was eventually rejected by the Irish court. P The European Commission is worried that after the merger, 3 of Ireland may lose the power to share the Eircom with the Internet, thereby undermining the competitiveness of Eircom. < /p >
< p > "the committee is concerned that the reduction in the number of mobile network operators may lead to a decrease in the number of operators willing to provide mobile virtual network services." The European Commission pointed out that the result of the existing or future mobile virtual network service providers did not have too many choices to weaken their bargaining power. < /p >
< p > in addition, the European Commission also believes that mergers and acquisitions can raise the possibility of cooperation between the three major operators. < /p >
< p > "the European Commission is responsible for evaluating the M & A transactions of a certain scale, but most mergers and acquisitions that do not involve competition require only routine audits." A person familiar with the law in Hongkong told reporters that the preliminary market investigation is the first step. If it is deemed necessary, the European Commission will enter the second stage, that is, in-depth investigation. < /p >
< p > Sandra stressed that the deep investigation itself does not mean that the European Commission will terminate the 3 Ireland's M & a transaction. If the survey shows that the transaction is still in line with the EU M & a rules, M & A can continue. < /p >
Last year, when Huang bought the Austria Telecom Company Orange, the European Commission objected to M & A on a similar basis. After nearly 10 months of negotiations, Huang finally made concessions to sell part of the spectrum, and promised to sell base stations, frequencies and so on. < /p >