European antitrust regulator douses telco industry hopes of merger leniency

By Foo Yun Chee BRUSSELS (Reuters) - A senior European Commission official suggested regulators would not be swayed by requests from telecoms companies for more leniency in assessing mergers, saying there was no guarantee that bigger companies would result in more investment. Cecilio Madero, deputy director-general for antitrust at the European Commission, told a conference on Thursday: "Frankly speaking, we do not have evidence that operators will invest more if they reach a bigger size as long as markets will remain fragmented and along national borders. ...



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