Enter multiple symbols separated by commas

EU Clears AOL-Carphone Warehouse Deal

The European Commission on Friday approved the acquisition of America On Line's British Internet access business by Carphone Warehouse Group, seeing no antitrust problems.

The EU antitrust office said it found in sectors where the two companies' activities overlap _ Internet access services and fixed-line phone services _ "the combined entity's share of the relevant market would not give rise to competition concerns," since there remained enough competitors.

Carphone's plans to acquire AOL's British Internet business as part of the reorganization of AOL's overall Internet access business in Britain.

Carphone has more than 1,500 stores across the EU. It sells mobile phones and connections and offers fixed-line telecommunication services to commercial and private customers as well as Internet access to residential customers in Britain and some other EU nations. A wholly-owned Time Warner Inc. subsidiary, AOL provides online services and Internet access in the United States and Europe.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Ferrari 488 Spider

    Ferrari's new 488 Spider will have a V-8 turbo engine and a retractable hard-top roof that lowers in just 14 seconds.

  • FDA bans import of some Cilantro as annually recurring outbreaks (in 2012, 2013, and 2014) of cyclosporiasis in the United States which have been associated with fresh cilantro from the state of Puebla, Mexico.

    The FDA announced the partial ban after some cilantro was linked to 2013 and 2014 outbreaks of stomach illnesses in the US.

  • Thomas Lee

    This year's flat market is reminiscent of 1904, says Thomas Lee of Fundstrat Global Advisors in an interview with Amanda Drury.

U.S. Video