EU Accuses Altice of Breaking Rules in Portugal Telecoms Merger
May 18 2017 - 2:49AM
Dow Jones News
By Natalia Drozdiak
The European Union's antitrust regulator on Thursday formally
accused Dutch telecommunications company Altice NV of implementing
its merger announced in 2014 with PT Portugal SGPS SA before
formally logging the deal for review with EU authorities.
The EU cleared the deal in April 2015 but said it now suspects
the companies began implementing the merger before winning approval
and in some cases before even registering the deal with authorities
in February 2015.
Should it find Altice jumped the gun on implementing the merger,
the EU could fine the company up to 10% of annual revenue.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
May 18, 2017 03:34 ET (07:34 GMT)
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