TMCnet News
Plans to merge Swiss operations of TDC and France Telecom are blocked by regulator(Telecomworldwire Via Acquire Media NewsEdge) Danish telecoms company TDC A/S (CPH:TDC) said today that the proposed merger of its Swiss subsidiary with that of France Telecom (EPA:FTE) (NYSE:FTE) has been rejected by the Swiss Competition Commission. The combination of Sunrise Communications SA and Orange Communication SA (Orange Suisse) was first announced in November 2009 and the deal had been expected to be completed in the second quarter of 2010. TDC said that the two companies are surprised by the decision because they believe that the merger would have benefited Swiss consumers. The Danish and French operators will now assess their available options regarding potential next steps, TDC said. ((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS |