ComCo, the Swiss Competition Commission has ruled that the merger of France Telecom’s Orange Switzerland with competitor Sunrise, owned by Denmark’s TDC, will not be allowed to go ahead. The regulatory authority said that the merger would give the firm too dominant a position in the Swiss market.
Vodafone Group has confirmed that it has abandoned its plans to merge its operations in Greece with local operator Wind Hellas, citing the uncertainty around the Greek market as a key reason.
Leading US Carrier Verizon Wireless has no concerns over the proposed merger of AT&T and T-Mobile USA, as long as it does not result in increased industry regulation. The company’s CFO Fran Shammo made the revelation to a Morgan Stanley conference in Spain last week,
Merger talks between emerging markets giants Bharti and MTN have been called off once again, after the two firms failed to convince the South African government – MTN’s biggest shareholder – on the benefits of the deal.
Months of speculation about consolidation in the UK mobile market finally came to an end in early September when European carriers France Telecom and Deutsche Telecom announced a merger of their UK mobile businesses, T-Mobile and Orange.
Nationwide US carrier AT&T has announced that it is to buy wireless assets from Verizon Wireless — including licences, network assets and 1.5 million subscribers — for $2.35bn in cash.