- The EU's antitrust division is "understood to be comfortable" with the concessions offered by Telefonica (TEF +0.3%) to secure approval of its $12B bid to acquire rival German mobile carrier E-Plus from KPN (KKPNY), the WSJ reports.
- The concessions include allocating 30% of Telefonica/E-Plus' German spectrum for use by MVNOs, who have been especially nervous about a deal that lowers the number of carriers in Europe's biggest market to 3.
- The EU recently signed off (following concessions) on the sale of Telefonica's O2 Ireland unit to rival Hutchison Whampoa. Approving the E-Plus deal could pave the way for consolidation in France and other EU markets.
From other sites
Video at CNBC.com (Jan 20, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Nov 28, 2014)
at CNBC.com (Nov 24, 2014)
at CNBC.com (Nov 11, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs