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(...)

Hong Kong-based Hutchison Whampoa has agreed to pay €850 million to Spanish telco Telefonica for its O2 Ireland subsidiary. Photoraph: Getty

European Commission decisions in the coming months on the proposed acquisition of O2 Ireland by Hong Kong-based Hutchison Whampoa and Telefonica’s (...)

Adding O2 would make Hutchison Whampoa Ireland’s second biggest mobile operator behind Vodafone

Hutchison’s Three Ireland is prepared to sell radio spectrum and continue a network sharing deal with a rival in order to win EU approval of it(...)

Ryanair one of Iseq’s best performers climbing 1.07% to close at €6.80. Photograph: Ian Waldie/Getty Images

Shares in Ireland and across Europe were little changed yesterday following their drubbing earlier in the week, as banks rallied but telecommunication(...)

Ryanair climbed 1.8 per cent to €6.28 as shareholders responded warmly to its indication that it will launch new Irish routes. Photograph: Alan Betson/The Irish Times

European stocks spent most of the day in decline, but a rally in the final half hour of trading helped erase earlier losses, leaving the Stoxx Europe (...)

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, (...)

Customers look at mobile phones on display at an America Movil SAB Telcel store in  Mexico.  America Movil said last week it wanted to buy the 70 per cent of KPN it does not already own. Photographer: Susana Gonzalez/Bloomberg

An independent foundation that can block a takeover of Dutch telecoms group KPN has expressed concern over the proposed €7.2 billion bid by Mexican bi(...)

Hannes Ametsreiter  chief executive of Telekom Austria declined to comment on bid speculation that pushed Telekom Austria’s share price sharply higher on Friday. Photograph: Reuters/Heinz-Peter Bader

Telekom Austria sidestepped suggestions yesterday that major shareholder Carlos Slim might try to take the company over after the Mexican tycoon bid f(...)

Billionaire Carlos Slim, who controls and chairs telecoms company América Móvil. Photograph: Reuters/ Mohamed Azakir

Carlos Slim’s América Móvil has made a bid to acquire KPN, the 160-year-old former Dutch telecoms monopoly, through a cash offer for the 70 per cen(...)