UK-based Vodafone Group and KPN of the Netherlands have criticised European Union (EU) antitrust regulators who are scrutinising Hutchison Whampoa’s proposed EUR1.40 billion (USD1.87 billion) bid for France Telecom-Orange’s Austrian mobile unit, suggesting that the EU watchdog’s intervention has a narrow focus which could block future mergers and investments in the sector. EU competition commissioner Joaquin Almunia has been one of the most outspoken critics of the long-running merger attempt, but now Reuters reports that the chief executives of Vodafone, KPN and Orange have all waded into the debate. The CEOs have urged a regulatory re-think on consolidation, arguing that more mergers are needed in Europe in order to meet the need for investment and spur economic activity across the continent
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OVETEL Vodafone, KPN wade into Orange-Hutchison merger debate
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