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Merger veto led to lower telecom prices for consumers, says Portuguese enforcer

By Nicholas Hirst ( January 30, 2025, 16:31 GMT | Insight) -- The boss of Portugal's competition authority said that telecom prices for consumers fell after it vetoed Vodafone's takeover of Nowo. Nuno Cunha Rodrigues said that illustrated the importance of merger regulators maintaining a strict stance on tie-ups in the telecom sector and more generally, despite calls from business and politicians to adopt a looser stance. Telecom prices in Portugal went down after the country's competition authority blocked Vodafone's acquisition of Nowo, according to its boss. ...

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