The European Commission announced Feb. 21 that it has begun a full-scale antitrust investigation of MCI WorldCom’s planned merger with Sprint in order to ensure that the deal does not restrict Internet-related competition.
“The proposed merger may lead to MCI WorldCom and Sprint, along with AT&T, having bottleneck control on the U.S. end for termination of international voice telephony traffic,” Michael Tscherny, EC spokesperson, said in a statement. Tscherny added that the proposed $115 billion merger raises serious doubts about compatibility because of “its impact on competition in the market for top level Internet connectivity.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]