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EU regulators accuse Telefonica of breaking merger promise

FILE PHOTO: A general view shows the Telefonica headquarters in Madrid, Spain, June 12, 2018. REUTERS/Juan Medina/File Photo - Copyright Juan Medina(Reuters)

Copyright Juan Medina(Reuters)

By Reuters

Published on 22/02/2019 - 12:04 GMT+1

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BRUSSELS (Reuters) - EU antitrust regulators on Friday accused Spanish telecoms operator Telefonica of breaking a promise made five years ago to help rivals enter the German market, in return for regulatory approval for its E-Plus acquisition.

The European Commission said it had sent a statement of objections, or a charge sheet, to Telefonica, giving it until April 5 to respond to the charge.

(Reporting by Foo Yun Chee)

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