EU Nods Telefonica SA (TEF) To Acquire Royal KPN NV’s E-Plus

Telefonica SA (TEF) received approval from the European Commission to buy Royal KPN NV’s E-Plus unit for 8.6 billion euros. However, the EC ordered TEF to sell up to 30% of its network capacity to up to three rivals and to divest a radio-wave spectrum and other certain assets.

Telefonica SA is a telecommunications group which provides mainly fixed and mobile telephony, broadband, internet, data traffic, pay TV and other digital services. TEF was flat in the pre-market session.

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Jason Tolbert is a stock analyst with The Downtown Leader. If you have a great story idea for Jason Tolbert, you can write at [Jason.Tolbert@downtownleader.com ].

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