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Altice hit with EU objections over 'gun-jumping' in buyout of PT Portugal

( May 18, 2017, 06:55 GMT | Official Statement) -- MLex Summary: The European Commission has charged Dutch telecom company Altice with completing its acquisition of Portuguese rival PT Portugal without first notifying the transaction to the EU regulator for approval. The commission believes that Altice implemented the acquisition before receiving clearance and, in some instances, prior to notifying the deal to the Brussels regulator.Mergers: Commission alleges Altice breached EU rules by early implementation of PT Portugal acquisition...

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