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Vestager Warns Of TelCo Merger Risks In Apparent Rebuttal Of Recent EU Report

COMMUNICATIONS


  • BBG reporting on comments from EU competition commissioner Margrethe Vestager warning on telecom merger risks, in an apparent rebuttal of the EU report earlier in April that was seen as supportive of consolidation.
  • “No evidence suggests that more concentrated national markets lead to better outcomes…To the contrary, it would lead to less competitive national markets and to a more fragmented single market.”
  • Vestager is speaking at the Merger Anniversary Conference in Brussels as part of the EU summit focussed on competitiveness this morning; haven’t seen any transcript published yet.

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