In our appeal, we argued that the Commission's approach to reviewing the proposed merger, and European telecoms mergers more broadly, was guided by a misconceived default view that European telecoms markets are better served by having a minimum of four Mobile Network Operators in each EU Member State.
This approach ignores market realities, the clear evidence of successful market consolidation in
The Commission's approach has unfortunately acted as a brake on, or in a number of cases prevented, vital industry consolidation in
Following the Court's findings, the Commission will need to fundamentally revisit its approach to merger reviews in this key sector.
We will study the General Court's complex judgment in detail and comment more extensively as appropriate in due course.
Contact:
Email: hansl@ckh.com.hk
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