On Thursday 1 September, the European ommissioner with responsibility for competition, Margrethe Vestager, announced that her services had conditionally approved the planned joint venture in the telecommunications sector in Italy between Hutchison and VimpelCom.
The European Commission's investigations flagged up three major concerns. Firstly, the transaction would have removed competition between two major players, Hutchison and WIND. "With the transaction, Italian consumers would...