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Africa: Regional competition authority marks $1B worth of mergers (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

The Common Market for Southern and Eastern Africa announced that it has cleared more than $1 billion worth of merger deals in nine member states last year. The COMESA Competition Commission Chief Executive Officer George Lipimile said this week that COMESA has helped...

India: Authorities consider ending telco price-setting freedoms (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

The ability for telecommunications companies to set fixed prices for mobile services could soon be limited, Indian regulators have warned. The Telecom Regulatory Authority of India announced Wednesday that it is considering ending this freedom of telcos if they hike...

Germany: State bank fulfills bailout deal with divestiture (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

Bayerische Landesbank will sell its Hungarian operations, MKB Bank, to the Hungarian government. In return, BayernLB will receive $74 million. MKB will also be absolved of millions of dollars worth of loans it owes to BayernLB. According to reports, its Hungarian unit...

Canada: Supreme Court shuns real estate competition spat (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

Canada’s Supreme Court has declined to hear an appeal requested by the Toronto Real Estate Board of an earlier ruling that reports say could renew arguments that the Board abuses its market dominance. According to repots, the TREB won its initial case, but a...

Brazil: With debt woes, Oi seen as weakest link (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

After Oi announced that certain debts from takeover target Portugal Telecom were not disclosed until after the two wireless operators merged, authorities in Brazil now consider Oi to be the weakest player in the industry and are eying the company for a possible...

UK: CMA agrees to Big Six energy probe (Competition Policy International)

by 21st Century Competition | Jul 24, 2014 | Global Blogs

On the recommendation of energy watchdog Ofgem, the Competition and Markets Authority announced it will conduct an investigation of the energy industry and examine whether the so-called Big Six leading electricity companies are abusing their market power. According to...
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