EU Extends Deadline for UK Mobile Phone Merger Review – Wall Street Journal

BRUSSELS—Europe’s top antitrust regulator has extended by a month its deadline for reviewing Telefonica SA’s $14 billion sale of British cellphone operator O2, a week after opening a full-blown investigation into the deal.

The move by the European Commission is common in complex mergers, and aims to give the parties more time to convince regulators that the deal is unproblematic, or discuss potential remedies, such as asset…

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