FRANKFURT (Reuters) - Deutsche Telekom said on Thursday that the European Commission had raised competition concerns about the effect of its planned purchase of the Dutch operations of Sweden's Tele2 on the mobile retail market.
"The Commission is arguing that the combination of number 3 (T-Mobile NL) and number 4 (Tele2 NL) is likely to lead to price increases," Deutsche Telekom said in a statement, adding the companies involved disagreed with the Commission's concerns.
It said the companies would continue a constructive dialogue with the Commission and that they remained confident that the merger would be approved towards the end of the year.
(Reporting by Maria Sheahan; editing by Thomas Seythal)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
