EU Commission: stops clock on probe into Orange-Masmovil planned merger

BRUSSELS: The European Union Commission has stopped the clock regarding its in-depth probe into a planned 18.6 billion euros ($20.5 billion) merger between Orange – France’s biggest telecoms company – and Spanish peer MasMovil.

“On 28 July 2023, the Commission stopped the clock in its in-depth investigation into the proposed joint venture between Orange and MasMovil, with effect as of today,” a spokesperson for the Commission said in an emailed statement.