Ruling likely to mark one of the final antitrust decisions by EU competition commissionerEuropean Union Competition Commissioner Joaquin Almunia. Photograph: Rueters

As the European Commission yesterday cleared the takeover of O2 Ireland by Hutchison Whampoa subject to a number of conditions, the way was paved fo(...)

Representatives at America Movil, which owns about 30 per cent of KPN, and Madrid-based Telefónica held talks last week before agreeing on the revised terms over the weekend. Photographer: Susana Gonzalez/Bloomberg

America Movil and Telefónica have set aside years of rivalry in Latin America to salvage an $11 billion transaction in Germany, one of the biggest wir(...)

Spanish telecoms company Telefonica has  agreed to pay the equivalent of €8.55 billion for KPN’s German unit E-Plus, compared with its earlier offer of €8.1 billion. Photograph: Reuters/Juan Medina

Spain’s telecom giant Telefonica improved its offer for KPN’s German unit E-Plus, winning support from the Dutch telecom group’s biggest shareholder, (...)

America Movil now may increase its shareholding to the level that would trigger an offer for the whole of KPN

Dutch telecom group KPN’s biggest shareholder, billionaire Carlos Slim’s America Movil, has ended an agreement to keep its holding below 30 per cent, (...)