Press conference by Joaquín Almunia, Vice-President of the EC, on the authorisation by the EC of the acquisition of E-Plus by Telefónica Deutschland
Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference on the authorisation by the EC of the acquisition of E-Plus by Telefónica Deutschland. Following an in-depth investigation, the EC approved under the EU Merger Regulation the proposed acquisition of Dutch Telecom operator KPN's German mobile telecommunications business E-Plus by Telefónica Deutschland (Telefónica). The approval was conditional upon the full implementation of a commitments package submitted by Telefónica.
The Commission had concerns that the merger, as initially notified, would have removed two close competitors and important competitive forces from the German mobile telecommunications market and that it would have further weakened the position of Mobile Virtual Network Operators (MVNOs) and Service Providers to the detriment of consumers.
To address these concerns, Telefónica submitted commitments ensuring that new competitors would enter the mobile telecommunications market in Germany and that the position of existing competitors would be strengthened. These commitments removed the EC's concerns.