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Comment: Orange, Korean Air EU approvals show telecom and airline deals can get through — but at a steep cost

By Andrew Boyce and Natalie McNelis ( February 20, 2024, 16:53 GMT | Comment) -- Today’s green light for Orange’s merger with MásMóvil confirms that there is a path for EU mobile telecom consolidation. Similarly, last week’s nod to Korean Air’s Asiana takeover showed EU airline consolidation also isn’t hopeless. But in both cases, the reviews were long and complicated, and the remedies the watchdog ultimately extracted were very tough.Telecom and airline executives might see a glimmer of hope for consolidation in their industries in recent EU merger approvals, but they may end up wondering if the remedies required are worth it. ...

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