EU opens in-depth Orange-MasMovil probe

The European Commission has launched an in-depth investigation into the proposed merger between Orange and MasMovil, concerned that the deal could harm competition in Spain.
The broader telecoms industry is watching this case with interest as M&A talk once again gathers pace in Europe. And the wording of the statement issued by the Commission on the matter is not particularly encouraging for those keen to bulk up.
“The transaction would reduce the number of network operators in Spain,