Wednesday, 1 July 2009

EU approves Carphone and Tiscali UK merger – UK

The proposed acquisition of Tiscali UK by The Carphone Warehouse Group has been approved by The European Commission under EU Merger Regulation. Tiscali UK is a subsidiary of Tiscali SpA of Italy, while Carphone Warehouse is a UK-based mobile retailer having MVNO operations across Europe.

According to the Commission, the transaction will not have any significant impact on the effective competition in the European Economic Area (EEA). The Commission’s analysis was particularly focused on the domestic sector of broadband services, where the merged entity will pose as a main competitor to BT.