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EU merger rules need ‘rethink’ to hit industrial goals, Telefónica's competition head says

By Andrew Boyce ( May 10, 2022, 16:22 GMT | Insight) -- EU merger rules need rethinking to tackle green and digital goals, particularly to allow more consolidation in markets with four mobile operators, according to Spanish telecom company Telefónica. In a blog post critiquing EU moves to update its competition rules, the firm's competition director said EU policy posed an “obstacle” by applying a “theoretical approach” focused too much on short-term prices and the number of players in a market.EU merger rules need rethinking to tackle green and digital goals, particularly to allow more consolidation in markets with four mobile network operators, according to Spanish telecom company Telefónica....

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