Brussels says Orange/MasMovil merger would be anticompetitive

The European Commission has declared that the proposed tie-up between Orange and MasMovil in Spain could harm competition, casting doubt over the likelihood of it approving the merger.
As expected, the Commission on Tuesday published a Statement of Objections to the deal. That doesn’t necessarily mean it will move to block the merger: Orange and MasMovil will now have a chance to address its objections and propose remedies. But the wording of its statement will not make comfortable reading