EU Probes Non-Compete Agreement of Telefónica and PT

The European Commission opened an investigation into an agreement between Telefónica and Portugal Telecom not to compete on the Iberian telecommunications markets concluded in the context of Telefónica's 2010 acquisition of sole control over the Brazilian mobile operator Vivo, previously jointly owned by the two Iberian telecoms incumbents. The Brazilian deal itself is not affected by the investigation.
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