Mergers & Antitrust Law News

EU’s Vestager Calls for More Cross-Border Telecom Deals

June 25, 2020, 1:24 PM

Margrethe Vestager, the European Union’s antitrust chief, called for more cross-border deals, especially in the telecommunications industry where EU opposition has been blamed for chilling mergers.

“We would not consider that to be controversial if European businesses consolidate,” she told an online event. “In some sectors, there is indeed room for consolidation cross-border, I think the telco sector in particular, because here we still have very national markets.”

Dealmaking between telecoms operators, effectively halted by Vestager’s 2016 veto on a U.K. deal, gained potential relief from a May ruling at the EU’s second highest court, which said the...

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