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EC fines Altice EUR 125 mln for breaching EU rules over merger notification
2018-04-24 14:20:00| Telecompaper Headlines
(Telecompaper) For its part, Altice said it fully disagrees with the Commission's decision. It believes the transaction agreement governing the management of the target during the pre-closing period provided Altice with a consultation right on certain exceptional matters relating to PT Portugal, and was in accordance with well-established M&A market practice. Altice said it will file an appeal against the Commission's decision before the EU General Court to request that the decision as a whole be annulled or, at the very least, that the sanction be significantly reduced.
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Category:Telecommunications