Belgian Competition Watchdog OKs Belgacom Purchase Of Scarlet
"The most important one is the obligation to divest the network of Scarlet," Belgium's Competition Council said in a statement. The acquisition could only be approved with conditions because it poses serious competition concerns, especially for broadband internet services and fixed telephony services, it said.
In July, the head prosecutor of the Belgian Competition Council had found that Belgacom's proposed takeover posed challenges for competition because Belgacom holds a dominant position in Belgium in various areas of electronic communications.
Belgacom expects to close the deal, which was announced in February, by the end of the month.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
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(END) Dow Jones Newswires
November 09, 2008 15:24 ET (20:24 GMT)
Publié le 09 novembre 2008 Copyright © 2008 Dowjones
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