The National Commission of Markets and Competition (CNMC) does not rule out asking the European Comission decide on the possible merger between Orange y MoreMobilewhich last March began talks for their concentration.
This has been stated by its president, Cani Fernándezin his speech at the summer courses of the Association of Economic Information Journalists (APIE)on the Menéndez Pelayo International University (UIMP)in Santander.
Fernández explained that, until now, all large-volume merger operations have been decided by Brussels which, in any case, must be coordinated with national regulators throughout the process.
Fernández recalled that the CNMC is the regulator of this market and said that he does not rule out claiming the remission of this operation in order to supervise the process in the event that the two companies finally decide to undertake the merger and have the last word on it.
In any case, the president of the CNMC pointed out that before deciding whether to request this referral, the two companies, which are in a prior exclusive negotiation period, must inform that they finally want to carry out the merger.
Brussels’ pronouncement on the operation between Orange and MásMóvil is awaited by the sector, since an approval with few conditions would be seen as a change in European competition policy in favor of allowing larger operators.
This would mean fulfilling one of the oldest claims in the sector in Europawhich denounces that their lack of scale with respect to the large American or Chinese operators deprives them of greater industrial and technological advances.
#CNMC #rule #European #Commission #supervise #decide #merger #Orange #MásMóvil