EU backs telecoms deal

THE European Commission yesterday approved the acquisition of a 49

THE European Commission yesterday approved the acquisition of a 49.9 per cent stake in Belgian telecoms company Belgacom by Ameritech International, Tele Danmark and Singapore Telecom.

The deal was notified for clearance to the Commission on January 26th under a regulation banning the creation or strengthening of dominant position which could harm competition in the EU.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective