European Commission (EC) approved British Telecom (BT) acquisitio...
European Commission (EC) approved British Telecom (BT) acquisition of 45% of Germany’s Viag Interkom in deal that gives BT full ownership. EC said transaction wouldn’t increase BT’s market share in U.K. or Germany “and will not result in any…
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foreclosure effects.” Viag provides fixed and wireless services and is 4th largest mobile operator in Germany. BT in Dec. bought 10% stake in company from Telenor with plans to acquire 45% it didn’t already own from E.on.