ORANGE’S €3,4 billion bid for Jazztel is to be probed by EU antitrust regulators amid fears the deal would lead to higher prices for customers.
By getting the deal Orange – France’s largest mobile company – would have its market share in Spain pushed far ahead of rival Vodafone.
The European Commission is undertaking an in-depth inquiry into how the merger would affect customers’ broadband and mobile service options.
“Both companies are important competitive forces with a stronger influence on the competitive dynamics in these markets than suggested by their market shares,” said a statement from the Commission.
Spain’s antitrust authorities have requested to take over the review, which is to be decided upon by April 24, but such requests from other countries have been denied.