EU clears Altice, Allianz, Omers acquisition of Covage
BRUSSELS (Reuters) – The European Commission said on Friday it had permitted the proposed acquisition of French fibre optics operator by rival SFR FTTH managed by Altice, Allianz and Omers, matter to circumstances.
The Commission, which oversees rivals protection inside the 27-nation European Union, had points that the takeover would cut back rivals inside the wholesale market for fibre-to-the-office (FTTO) networks and can shut retail rivals from entry to Covage’s fibre functionality at wholesale diploma.
Covage solely sells fibre group entry on the wholesale market, whereas SFR FTTH is energetic in every wholesale and retail markets.
To deal with the Commission’s points the occasions provided to divest most of Covage’s FTTO enterprise and to produce property and suppliers required to operate this divested enterprise for a transitional interval.
The Commission said that …