According to Reuters, European Union (EU) regulators have raised further objections to the proposed EUR1.4 billion (USD1.87 billion) bid by Hutchison 3G Austria (H3G) for France Telecom-Orange’s Austrian mobile unit, and will now carry out a full probe into the transaction. The European Commission, which has been examining the takeover since June, maintains that it is concerned that the deal will cut the number of telecoms operators in Austria from four to three and lead to higher consumer prices
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OVETEL EU regulators likely to impose further conditions on 3, Orange merger
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