Deals
Liberty Global's Telenet Faces EU Probe of Bid for KPN Unit
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Liberty Global Plc’s Telenet unit faces an in-depth probe into its bid for Royal KPN NV’s Belgian mobile-phone business as European Union merger regulators added the tie-up to its list of telecommunications deals subjected to close scrutiny.
A combination of Telenet and BASE may trigger higher prices and less choice, reducing incentives to compete against Proximus SA and Mobistar SA in the Belgian retail mobile market, the European Commission said in a statement on Monday. It set a Feb. 18 deadline for a ruling on the deal.