🇪🇺📶⚖️ EU Seeks Feedback on Merger Rule Overhaul Amid Telecom Push for Innovation Weight
🔹 Summary:
The European Commission has launched a public consultation on revamping EU merger rules, aiming to better factor in innovation, investment, and resilience, as telecom providers push for greater merger flexibility.
Despite telecom lobbying, national regulators warn that reducing competitors could harm service quality, innovation, and security, setting up a regulatory clash before the September 3 feedback deadline.
🔹 Key Points:
• EU seeks input on 7 areas: competitiveness, market power, innovation, decarbonization, digitalization, efficiencies, defense, and labor.
• Telecom firms argue merger rules undervalue innovation benefits and stifle needed sector investment.
• National watchdogs from Austria, Belgium, Ireland, and others oppose loosening rules, citing risks to quality, coverage, and resilience.
• EU antitrust chief Teresa Ribera says the goal is to modernize policy for today’s geopolitical and market realities.
• Major shifts are unlikely, as EU merger rules have long had European Court backing and only incremental tweaks since 2004.
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