The European Commission has, for the second time, extended the regulatory review of the proposed takeover of Orange Austria by Hutchison.
According to the EC the deadline for a decision was pushed back by three days from 27 November to 30 November 2012….
The European Commission has, for the second time, extended the regulatory review of the proposed takeover of Orange Austria by Hutchison.
According to the EC the deadline for a decision was pushed back by three days from 27 November to 30 November 2012. No reason was given for the extension.
Under EC merger regulation the deadline for in-depth investigations can be pushed back by up to 20 working days if the merging parties as well as the regulator agree to the deadline change.
In late July the review had been extended by 15 days already.
Last week, the EC began market testing remedies submitted by Hutchison to address anti-competitive concerns.
At the heart of the remedy proposal is a guarantee by Hutchison to grant third parties access to its network on an MVNO basis at competitive wholesale prices.
