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EU clears Altice, Allianz, Omers acquisition of Covage

EU clears Altice, Allianz, Omers acquisition of Covage

11/27/2020 11:00:00 PM

EU clears Altice , Allianz, Omers acquisition of Covage

The European Commission said on Friday it had approved the proposed acquisition of French fibre optics operator by rival SFR FTTH controlled by Altice , Allianz and Omers, subject to conditions.

Covage only sells fibre network access on the wholesale market, while SFR FTTH is active in both wholesale and retail markets.To address the Commission’s concerns the parties offered to divest most of Covage’s FTTO business and to offer assets and services required to operate this divested business for a transitional period.

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The Commission said that the transaction, as modified by the commitments, no longer raised competition concerns. Read more: Reuters Top News »

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Republican Rep. Madison Cawthorn of North Carolina said Saturday that he accepts Joe Biden as president and that the 2020 election was not conducted fraudulently.