EC gives green light to takeover

20 Dec 2004

The European Commission (EC) yesterday gave its approval for Slovak Telecom to take full control of mobile operator EuroTel Bratislava by buying out its partner in the venture, the Atlantic West consortium. The EC ruled that the purchase would not have a detrimental effect on competition in the country’s telecoms market as Slovak Telecom already held a majority 51% stake in EuroTel.